Bangalore: Defense contractor Lockheed Martin plans to cut 1,200 jobs in order to lower costs as it combines two units. The company said that employees who will lose their jobs will be notified by early April. The cuts amount to less than one percent of the company's total work force of about 140,000. Lockheed announced in November its plans to combine two units in its electronics systems business - the former Maritime Systems and Sensors business, based in Washington DC, and its Systems Integration unit in Owego, New York. Lockheed Spokeswoman Anne Marie Squeo said that the cuts would not be confined to any one location, and the facility in Owego would remain open. The newly combined unit, Mission Systems and Sensors, will provide services to maritime forces. It currently employs about 16,000 workers. Its headquarters is in Washington, but workers are spread at many locations including Baltimore, Syracuse, N.Y., Akron, Ohio, and others. Lockheed's shares shed 69 cents to $76.96 in afternoon trading.