September 18, 1997 |
Boeing Corp. said the 100-seat MD-95 jetliner might be converted into a commuter jet so that the Seattle-based giant can jump into the fast-growing market for regional aircraft. Boeing, the world's biggest maker of jetliners, inherited the MD-95 when it bought McDonnell Douglas Corp., whose struggling Douglas Aircraft unit builds commercial jets in Long Beach.
CALIFORNIA | LOCAL
May 9, 1989
Northrop Corp. lawyers said in Los Angeles federal court Monday that they intend to defend the company against fraud charges by eliciting classified details of the mission and performance of the air-launched cruise missile. Assistant U.S. Atty. William Fahey, the chief federal prosecutor in the case, said the tactic amounted to "graymail"--an effort to hamper or scuttle a prosecution by seeking documents that cannot be released for national security reasons. At a hearing Monday, Northrop won a five-month delay in the trial, originally set for June 13, because of the complexity of the case.
August 14, 1986
Hit hard by poor performances in its defense industry simulation systems product line, San Diego-based Cubic Corp. reported third-quarter and nine-month losses of $3 million and $1.4 million, respectively--the first red ink for the high-tech firm since 1974 and only the second unprofitable quarter in 37 years. Revenues for third quarter dropped 14.5% to $74.8 million; sales for the nine months were flat, at $241.2 million.
June 7, 1995 |
President Clinton will spend a day this month publicly analyzing the West Coast's economic problems with prominent figures from industry, show business, government and nonprofit organizations. In the second of a series of regional economic conferences, Clinton will appear June 27 at Portland State University with a guest list that includes Creative Artists Agency Chairman Michael S. Ovitz; SKG DreamWorks co-founder David Geffen; Rockwell International Corp. Chairman Donald Beal; Boeing Corp.
CALIFORNIA | LOCAL
October 12, 2000
More than 50 residents vented their long-standing frustrations with a nearby Rocketdyne facility Wednesday night and heard scientists detail a new health study sponsored by the federal government. The $600,000 Santa Susana Public Health Initiative is expected to start later this month and should be complete within three years, said officials with the federal Agency for Toxic Substances and Disease Registry, a division of the U.S. Department of Health and Human Services.
August 24, 1986 |
An Air Force panel will look into a charge that Boeing Corp. made $480,000 in improper severance payments to employees leaving for Pentagon jobs, an Air Force official confirmed Saturday. The allegation is one of several matters on the agenda for a Monday meeting of the Air Force Suspensions and Debarments Board, according to the aide, who requested anonymity. The board is unlikely to take any action on the case as a result of its Monday session, which will be a preliminary hearing, he said.
August 29, 2003 |
Computer Sciences Corp. said Thursday that it had reached a 10-year, $342-million deal to manage the computer systems of Malaysia's largest banking group. El Segundo-based CSC will take over responsibility for the mainframes, desktop PCs, help desk, network infrastructure and other computer services of Malayan Banking in Malaysia and Singapore. Under the contract, about 320 employees of the bank, also known as Maybank, will transfer to CSC and its affiliates.
CALIFORNIA | LOCAL
January 26, 1999
Boeing Capital Corp., a subsidiary of Boeing Co., has agreed to lend $16.2 million to Huntway Refining Co. to help the Newhall-based maker of asphalt products retire old debt and improve a company refinery in Benicia. The funds, which were issued in the form of senior debt, give Boeing Capital the first lien on the refinery's assets. Huntway already has secured permits for improvements to the Benicia facility that will allow it to increase crude oil production from a maximum of 9,000 barrels per day to an average of 10,000 per day. Emissions from the Northern California refinery will be reduced by more than 15% as a result of the improvements, the company said.
June 2, 2000 |
Irvine power amplifier maker Powerwave Technologies Inc. said Thursday that it has purchased the Pacific Corporate Center in Santa Ana from Boeing Realty Corp. for approximately $35.3 million. The 360,000-square-foot facility, situated on 22 acres, will enable Powerwave to consolidate its manufacturing, Southern California engineering and sales and marketing forces, now located in three separate buildings, the company said. The move is expected to take place over the next six to nine months.