Lockheed Martin reorganization to cost 200 jobs

Lockheed Martin Corp. will reorganize its Electronic Systems business, affecting about 200 jobs.

Lockheed will split the division into two businesses, a Missiles and Fire Control division based in Dallas and a Mission Systems and Training division based in Washington.

The split will be effective Dec. 31.

Bethesda-based Lockheed said the reorganization will streamline operations and save about $50 million a year by eliminating the executive management teams of its Electronic Systems business and…