Lockheed Martin Corp (NYSE: LMT) has offered buyouts to several of its top executives, hoping they will take early retirement as a means of reducing overhead.

Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.

The cost-cutting move would involve top executives at the director and vice president levels, offering them financial incentives to retire by Feb. 1, 2011. Lockheed did not reveal what those financial incentives would include.

In addition to offering early retirement packages to cut costs Lockheed has said it would reduce its participation at international trade shows. They have already sold business units and undergone a business reorganization.

Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.

Follow us on Twitter: http://www.Twitter.com/topbestps

About Us

Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.

Please click here to read the full disclaimer.