Engine maker Pratt & Whitney is reducing its salaried workforce by approximately 400 positions, effective immediately, announced the company. Half of its cuts will come from Connecticut, according to the company’s Aug. 13 release. That’s the state where the company has a large presence, including its headquarters in East Hartford. While the company had offered a voluntary separation program, and said it was pleased with the response, “these further reductions are necessary,” states the release. The company said it would support affected employees with severance pay, outplacement, and continuation of group insurance, among the services and benefits. “Our long-term outlook is very bright; however, to secure this bright future, we must address some near-term challenges,” states the release. “Taking necessary actions to manage our cost structure, while continuing to invest in new programs, positions Pratt & Whitney for the long term and ensures a strong future for the company, our employees, customers, and shareowners.” (See Time of Transition.)
The Space Force recently awarded SpaceX $739 million to launch nine missions for the Space Development Agency and National Reconnaissance Office over the next three years. Five of the awarded launches will be to build out SDA’s constellation of missile warning and tracking satellites in low-Earth orbit.
