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Cuts at Boeing and Lockheed Martin

bootcampbootcamp Posts: 17Registered User New Member
edited November 2012 in Engineering Majors
What do you guys thinks of the suspected/probable cuts at Boeing and Lockheed Martin? What does this mean for mechanical/aerospace engineers?
Post edited by bootcamp on

Replies to: Cuts at Boeing and Lockheed Martin

  • bootcampbootcamp Posts: 17Registered User New Member
    sorry lol *think*
  • NeoDymiumNeoDymium Posts: 1,288Registered User Senior Member
    Industries go up and down. It cycles through every few years. The aerospace industry is especially cyclical.
    That's just how the game works in engineering. Your job is subject to be removed in times of economic hardship.
  • boneh3adboneh3ad Posts: 5,441Registered User Senior Member
    Doesn't mean a lot. For starters, mechanical engineers have such a huge array of jobs that they feed into that this is barely a drop in the bucket. It is more important for aerospace engineers, but most of the cuts (at least at Boeing) are in management. For the most part they are leaving the engineering staff intact, so it probably still won't be that big of a deal.

    On top of that, Boeing has an absolutely booming commercial venture right now. They are finally pumping out 787 deliveries like crazy, they have taken orders for almost 1000 new 737 MAX planes over the past year and a half or so, and are in the process of designing the 777 MAX, which will likely sell like hotcakes too. That business is booming.

    The aerospace industry in general is volatile and has ups and downs, particularly on the military side of things. The spending climate in Washington right now dictates that there aren't going to be a lot of military planes being purchased in the immediate future. That said, it will come back up eventually. Boeing and I assume Lockheed are both working on their 6th-generation fighter aircraft, for example, because it will come back around eventually.

    Overall, Boeing is in much better position right now than Lockheed on the strength of its commercial side, which is not feeling the penny-pinching in Washington. Lockheed doesn't have that to fall back on.
  • 1moremom1moremom Posts: 3,871Registered User Senior Member
    Reminds me of the joke when we lived in southern California back in the late eighties--
    What do you call an aerospace engineer? "Waiter!"
  • hylyfehylyfe Posts: 150Registered User Junior Member
    This is odd, because I meet a rep from defense contractor at my school and he said they have so many openings they could hire my whole graduating class if they wanted to (its a big class). I was surprised by that because I thought all these defense companies were cutting.
  • NeoDymiumNeoDymium Posts: 1,288Registered User Senior Member
    Depends what field.
    If it's compsci, a future in defense contracting is bring enough for those who could get security clearance.
  • ChucktownChucktown Posts: 822Registered User Member
    I know Navsea is recruiting all the time these days.
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