Lockheed restructured its Sanders subsidiary.
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Lockheed, which acquired Sanders Associates Inc. for $1.18 billion earlier this year, said it will consolidate Sanders’ operations, eliminating 165 administrative jobs. Sanders, a defense electronics concern based in Nashua, N.H., will form the nucleus of Lockheed’s new Electronics Group. The restructuring includes consolidating Sanders’ corporate office, Federal Systems Group and Component Products Group. The combined operation will be based in Nashua, with Albert B. Wight as president. Wight was Sanders’ president before Lockheed bought the company.
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