ARINC Announces Further Cut After Sale (Maryland defense contractor - 120 laid off)

Eye On Annapolis ^ | December 9, 2012 | Staff

[2ndDivisionVet]

ARINC has announced that there will be additional significant job losses in the first quarter of 2013 as a result of a re-focusing of their business. This is in addition to the job losses and transfers that were part of the sale of their Defense Systems Engineering and Support business to Booz Allen. Eye On Annapolis obtained an internal e-mail from Stephen L. Waechter, CFO, that details the cuts. The email was distributed late last week. (Names of specific employees have been redacted by Eye On Annapolis). Our source tells us that approximately 120 employees have been affected.

The sale of the Defense Systems Engineering and Support (DSES) Business to Booz Allen on November 30, 2012, was an historic event for ARINC. The change will allow us to focus our energy on growing our Commercial and Aerospace businesses. We wish our colleagues moving to Booz Allen all the best. They will be missed. Our remaining business footprint will be significantly smaller and will require less support than the heavily regulated Defense Business. It is with great sadness that we will be reducing some of our staffing requirements between now and the end of the first quarter 2013. Full time employees who will be affected have already been notified. While we still have significant government business, I am announcing several organizational changes to support the business going forward.

Corporate Contracts and Procurement

After 38 years, XXXXXX, Staff Vice President – Corporate Contracts and Procurement Organization, will be retiring at the end of January. XXXXXX will be working on the DSES transition with Booz as he wraps up an outstanding career at ARINC. After 26 years, XXXXXX, Senior Director- Government Contracts, will be retiring effective at the end of the year. XXXXXX’s strong knowledge of government contracting...

[GeronL]

Obamaland

[sten]

spent time in the box @ arinc. brought in a disproportionate amount of the profits for the number of people in there (it generated something like 25% of the company’s revenue with only 80 people out of a 2000 person company). and now they’re selling it off. yea, that’s smart.

*shrug*

not my problem anymore

yet another company ‘improved’ by 0bama and the left

nice work

[silverleaf]

this Maryland county generally votes conservative

all of Maryland is enslaved by the voters - living and dead - of Baltimore City, Baltimore County, Prince Georges and Montgomery Counties

[napscoordinator]

this Maryland county generally votes conservative

Sure does!