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Lockheed-Boeing venture lays off 12 executives in major reorganization

May 17, 2015

United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co , on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives.

Source: finance.yahoo.com

ULA starts the process of addressing a competitive landscape by slashing a top-heavy management structure.

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