600 Lockheed Martin executives accept buyout offer.
Bethesda-based contracting giant Lockheed Martin announced Wednesday that more than 600 executives have taken the company up on an early-exit program that provides financial incentives in exchange for leaving.

The total represents about 25 percent of all executives and follows Lockheed’s move to cut its employee headcount nationally by about 10,000 since the beginning of last year.
Some of the 600 executives may not necessarily depart. Lockheed spokesman Jeffery Adams said the company reserves the right to rescind the buyout offer in cases where there are “extenuating circumstances or severe program impacts.”

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