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Ford Aerospace Communications Corp

BUSINESS
January 14, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Shortly after the U.S. 1986 military strike against Libya, C. E. Grubbs, a manager at Ford Aerospace in Newport Beach, read a newspaper article about the key role that his company's sophisticated bomb-targeting system had played in the raid. He called a friend at Ford Aerospace headquarters in Detroit to talk about the exciting news.
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BUSINESS
January 13, 1990 | JAMES RISEN, TIMES STAFF WRITER
In one of the first attempts by a major American corporation to pull out of the defense industry since the revolutionary changes now sweeping Eastern Europe began to place intense budget pressure on the Pentagon, Ford said Friday that it plans to sell its Newport Beach-based Ford Aerospace division and concentrate more of its resources on the car business.
BUSINESS
January 13, 1990 | RALPH VARTABEDIAN, TIMES STAFF WRITER
When Ford Aerospace demonstrated a new tank gun for U.S. Army leaders several years ago, the radar-controlled turret swung past its intended target and instead turned on a reviewing stand, sending the spectators diving for cover. Although no shots were fired at the generals and Ford executives, the unfortunate incident was the sort of extraordinary faux pas that can put a lasting tarnish on a firm's image in the defense business.
BUSINESS
January 13, 1990 | CHRIS WOODYARD, TIMES STAFF WRITER
Ford Aerospace workers said the reports Friday that the company is up for sale left them feeling uncertain about their futures but also relieved that months of rumors and questions about the troubled defense contractor's fate were at least being partially answered. There was little doubt the sale was coming. Employees said management has been paring the work force and sprucing up the sprawling Newport Beach plant as if it were being prepared for the sales block.
BUSINESS
January 12, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Top executives at Ford Aerospace are meeting today at company headquarters here, and President Donald Rassier is expected to discuss the company's possible sale--in whole or part--by parent Ford Motor Co. Company sources said the early morning meeting will include all the top executives of the defense and space company, and officials--including Rassier--will then fly to the Bay Area to meet with managers at the firm's facilities in the Silicon Valley.
BUSINESS
January 12, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
Top executives at Ford Aerospace are meeting today at company headquarters in Newport Beach, and Donald Rassier, president of the firm, is expected to discuss the company's sale--in whole or part--by parent Ford Motor Co. Company sources said the early-morning meeting will include all the top executives of the defense and space company, and officials including Rassier will then fly to the Bay Area to meet with managers at the firm's facilities in the Silicon Valley.
CALIFORNIA | LOCAL
January 7, 1990 | DAVID OLMOS and ROSE ELLEN O'CONNOR, TIMES STAFF WRITERS
As Ford Motor Co. officials remained mum on reports that a sale of its defense division is in the works, employees at the firm's Newport Beach plant said Saturday there has been widespread talk of a sale for months. The Times reported Saturday that Ford Motor Co. is preparing to put its aerospace division up for sale and that Ford's board of directors would consider the move as early as this week.
BUSINESS
January 6, 1990 | From Times Staff Writers
Ford Motor Co. is preparing to put its Newport Beach-based aerospace division up for sale in a move that will come before the board of directors as early as next week. The possible sale of the unit comes amid increasing concerns about the financial future of the defense industry, which is confronting major budgets cuts as U.S.-Soviet tensions ease. In addition, the Ford Aerospace operation has not been meeting its profit objectives set by Ford Motor headquarters in Dearborn, Mich.
NEWS
January 6, 1990 | From Times Staff Writers
Ford Motor Co. is preparing to put its Newport Beach-based aerospace division up for sale in a move that will come before the board of directors as early as next week. The possible sale of the unit comes amid increasing concerns about the financial future of the defense industry, which is confronting major budgets cuts as U.S.-Soviet tensions ease. In addition, the Ford Aerospace operation has not been meeting its profit objectives set by Ford Motor headquarters in Dearborn, Mich.
BUSINESS
December 28, 1989 | DAVID OLMOS, TIMES STAFF WRITER
Defense contractor Ford Aerospace has agreed to pay $250,000 to settle charges that it violated air pollution control regulations at its plants in Newport Beach and Irvine during 1987 and 1988. Ford Aerospace agreed to pay the fine but admitted no wrongdoing after a year of negotiations with the South Coast Air Quality Management District. The penalty is the second largest imposed this year by the regional pollution-control agency.
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