Here’s an excerpt from the Asheville Citizen-Times article:
A local maker of navigation systems for drones and other military equipment laid off as many as 96 people, former employees said.
Kearfott, which employed 428 people making high-tech parts for unmanned aircraft, satellites and other military and civilian systems, let the workers go last week, employees said.
The company is the third-largest employer in Black Mountain after Ingles and Black Mountain Neuro-Medical Treatment Center, according to town finance department records. …
The downsizing comes during a wave of government austerity measures that includes the military, said Richard Aboulafia, vice president of analysis at Teal Group. …
“It’s hardly surprising,” Aboulafia, who is familiar with Kearfott, said. “The government budget has taken a hit.”
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