As defense spending tapers, Londonderry firm cuts 61 jobs
LONDONDERRY — An unexpected layoff at L-3 Warrior Systems took dozens of workers by surprise Monday morning.
Company officials have confirmed that 61 employees have been laid off in Londonderry. Both salaried and hourly positions have been affected, according to company spokeswoman Jennifer Barton.
"This is a difficult decision that was made to ensure the business's long-term viability in the face of declining defense budgets and related uncertainties due to sequestration," Barton said on Tuesday.
She further noted that the company had recently completed "certain Department of Defense programs," and was now forced to address a decreased demand for certain projects — both factors of which contributed to the recent layoffs.
It's unclear at this time if further reductions will be necessary.
About 880 workers remain in Londonderry, though at one time over 1,000 were employed at the 9 Akira Way company. The 71,000-square-foot plant is set on 10 acres and is about a quarter of a mile from the Manchester-Boston Regional Airport.
Built in 1997 as the home of Insight Technology, the company was sold to New York-based L-3 Communications in early 2010 for an undisclosed price, though at the time, town assessment listings confirmed the property was worth nearly $4 million.
The company specializes in the development and manufacturing of night vision and electro-optical equipment, including thermal imaging systems used in the firefighting, law enforcement and military fields.