Northrop Grumman to Cut Local Jobs

The company announced it could let go of up to 350 employees, including some from its Linthicum location, according to reports.

Northrop Grumman, the American aerospace and electronics company, could eliminate up to 350 jobs, including jobs at its Electronic Systems location in Linthicum, according to The Capital Gazette.

The company announced the news to employees Tuesday morning, and job cuts to this location and in other states will be finalized by early 2013, according to the report.

This news comes on the heels of a 52-week high for the company's stock, which was announced Friday, according to Forbes. The company's third quarter results are expected on Wednesday.

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