Bloomberg Tax
Nov. 13, 2019, 10:25 PM

Lockheed, Northrop Promise Jobs To Win California Tax Credits

Laura Mahoney
Laura Mahoney
Staff Correspondent

Aerospace and defense companies won big in the latest round of income tax credits the California governor’s office is awarding to companies that promise to hire more people and invest in the state.

Lockheed Martin Corp. will get $39.5 million for aerospace manufacturing at Vandenburg and Beale Air Force bases and four other locations as long as it hires 500 more workers and invests $150 million in its facilities.

The company won a similar credit award in 2018, also for $39.5 million, requiring 450 new hires and $150 million in investments, making its total commitment $300 million in investments and ...

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