Waco's L-3 to lay off 150 workersWaco's L-3 to lay off 150 workershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=52592014-01-14T15:19:00Z2014-01-14T00:00:00Z

WACO - L-3 Communications, Waco’s largest industrial employer, will lay off about 150 people because of government belt-tightening, the company has confirmed. The layoffs will occur as a result of sequestration-related reductions, including receiving fewer U.S. Navy planes to modify or maintain.

The company occupies a sprawling complex at Texas State Technical College airport, where it can modify and maintain military aircraft or transform the personal jets of foreign dignitaries into flying palaces complete with luxury furnishings and entertainment centers.

The plant still employs about 2,000 and has enjoyed generally steady growth since L-3 acquired it from Raytheon in 2002.

Waco Tribune-Herald
http://www.wacotrib.com/news/business/l--planning-to-lay-off-about/article_f59b7a10-c22b-505e-b051-ef01bfef05e6.htmlRead more at {Source}

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