Lockheed Martin celebrates expansion with new Somerset Co. facility

Apr 22, 2022 | Top Story Johnstown

Lockheed Martin celebrated the opening of its newly expanded Johnstown facility on Thursday.

The new location is at a building along Miller Picking Road in Davidsville, Somerset County.

Representatives John Joyce and Glenn Thompson joined the acting secretary of the Department of Community and Economic Development for the ribbon-cutting ceremony.

“Because of the strength of our F-16 program, I’m pleased to say that we will continue to grow our highly skilled workforce by more than 80 new jobs this year, and with this growth, comes strong, continuous ties and economic impact to our community for years to come.”

In the next year, the new Johnstown facility expects to hire more than 80 people to support its increased production of F-16 parts, including engine and fuel tank components.

Does the Corporate Transparency Act Apply to Your Business?

Does the Corporate Transparency Act Apply to Your Business?

Under the Corporate Transparency Act (CTA), many businesses are subject to new reporting requirements that went into effect on January 1, 2024. That means certain companies are required to provide information related to their “beneficial owners,” that is, the...

Sending the Kids to Day Camp May Bring a Tax Break

Sending the Kids to Day Camp May Bring a Tax Break

Among the many challenges of parenthood is childcare for kids when school lets out. Babysitters are one option, or you might consider sending them to a day camp. There’s no one-size-fits-all answer, but if you do choose a day camp, you could be eligible for a tax...

What Expenses Can’t Be Written Off by Your Business?

What Expenses Can’t Be Written Off by Your Business?

If you check the Internal Revenue Code, you may be surprised to find that most business deductions aren’t specifically listed there. For example, the tax law doesn’t explicitly state that you can deduct office supplies and certain other expenses. Some expenses are...

Help Prevent Financial Scams Aimed at Older People

Help Prevent Financial Scams Aimed at Older People

Scam artists seek new ways to steal financial data and money from vulnerable people in any season. Such fraudulent activities often target older adults. Here are three ways to help prevent elder financial abuse and fraud, whether you’re in this age bracket or you...