Article by: Matthew Richardson

For the Full Story visit: Orlando Business Journal

Lockheed Martin Corp. is following through on plans it announced in February to relocate hundred of jobs from California to Florida’s Space Coast.

The Bethesda, Md.-based defense firm is moving 300 jobs within its fleet ballistic missile program in Sunnyvale, Calif., to the same program in Cape Canaveral, reports Florida Today. The process will take two years.

Lockheed Martin(NYSE: LMT) is relocating the positions to reduce costs while centralizing programs to key locations.

Orlando Business Journal reported in February that Lockheed Martin was considering Florida and Colorado for 650 jobs relocating from California’s missile program. At the time, it was said that the process would take eight years. According to new reports, Colorado will receive the other half of the jobs.

Matt Kramer, director of external communications for Lockheed Martin Space Systems Co., told Orlando Business Journal that employees in California will be offered the opportunity to relocate, so all jobs may not be immediately open.

Lockheed Martin told Orlando Business Journal that 650 employees currently work at Cape Canaveral, supporting the U.S. Navy’s Trident II D5 Fleet Ballistic Missile, which is used by U.S. Navy submarines.

Cape Canaveral was a shoo-in for some of the jobs, as Lockheed Martin cut the ribbon to its newly-renovated fleet ballistic missile facility in January and announced plans to hire more than 100 workers there by the end of 2017.

Lockheed Martin, which employs more than 7,000 workers in Central Florida, often scoops up major government contracts. For its Space Systems Co. location in Cape Canaveral, it recently was awarded a $64.6 million contract.