Lockheed Martin to lay off dozens of Central Florida workers before the holidays

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    Lockheed Martin Corp. will lay off dozens of workers in Central Florida just before Christmas due to the loss of a contract.

    The Bethesda, Maryland-based defense company (NYSE: LMT) will cut 79 employees from its Rotary & Missions Systems division at 4401 Fortune Place in West Melbourne, according to an Oct. 16 letter notifying the state. The layoffs, which will begin on a rolling basis starting Dec. 16, are due to the loss of a Persistent Surveillance Systems – Tethered (PSS-T) contract.