The Daily Breeze: Boeing Co. plans to lay off about 750 employees, mostly in El Segundo and Seal Beach, California amid a downturn in the company's satellite manufacturing business and the recent loss of a major $3.5 billion contract to rival Lockheed.

The aerospace giant officially announced the layoffs last week, when employees started to receive termination notices.

The restructuring will leave Boeing Space and Intelligence Systems, Boeing's satellite division with about 6,450 employees, compared with its present count of 7,200.