Defense contractor Aeroflex Inc. cuts 30 jobs
Defense contractor Aeroflex Inc. will cut additional jobs in the fourth quarter ending June 30 and will take a charge of about $1.6 million, or a penny per diluted shares, the company announced.
We expect to achieve annual savings, consisting primarily of salary and benefits, of approximately $3.2 million, said Michael Gorin, vice chairman and chief financial officer of Aeroflex.
Gorin said that about 30 jobs would be cut worldwide, including one on Long Island.