I wanted to let all of you know that Vertex Aerospace in Madison, MS walked 57 employees out the door Friday, January 10, 2020.
Vertex Aerospace was divested by L3 in June 2018 and bought by American Industrial Partners for around $540 million.
They have been eliminating many positions and restructuring as Vertex Aerospace struggles to win new business and continues to lose contracts.
Notable losses:
UAE
Customs and Border Patrol
TH57
C-12
Mysteriously unannounced:
T-34/T-44/T-6
Up for rebid this year:
T45
AIP was sold a bag of doo doo.