Lockheed Martin to cut 400 jobs at missiles-space unit

SUNNYVALE, CALIFORNIA - Lockheed Martin Corporation said Monday that it will cut 400 jobs at its Missiles & Space Operations by the end of the year in an effort to improve its ``competitive posture.&#39;&#39; <br> <br> The company said the cuts will affect both technical and administrative positions at the defense contractor&#39;s Sunnyvale facilities. Additional cuts will likely occur through ``normal attrition.&#39;&#39; <br> <br> Lockheed&#39;s Missile & Space Operations employ 9,500 workers nationwide, with just under seven-thousand in the San Francisco Bay area, which encompasses Sunnyvale. <br> <br> Lockheed Martin, based in Bethesda, Maryland, had annual revenue of $23.99 billion last year.