Kaiser Marquardt

Kaiser Marquardt Inc.in Van Nuys, a wholly owned subsidiary of Kaiser Aerospace & Electronics, is being acquired by Primex Technologies Inc. for $22.5 million, subject to closing adjustments and clearance under the Hart-Scott-Rodino Act. Kaiser Marquardt produces bi-propellant rocket engines and related products and services. Primex is a defense and aerospace company based in St. Petersburg, Fla.

Kaiser Marquardt Inc.in Van Nuys, a wholly owned subsidiary of Kaiser Aerospace & Electronics, is being acquired by Primex Technologies Inc. for $22.5 million, subject to closing adjustments and clearance under the Hart-Scott-Rodino Act. Kaiser Marquardt produces bi-propellant rocket engines and related products and services. Primex is a defense and aerospace company based in St. Petersburg, Fla.

Authorities scrambled Thursday to cope with a rash of hazardous materials incidents following the massive earthquake that shook asbestos from building fixtures and rocked fuel and chemical tanks. In Van Nuys, about 600 workers were evacuated from businesses next to Van Nuys Airport as Fire Department hazardous materials teams began draining explosive liquid propane from leaky piping at the Kaiser Marquardt plant on Saticoy Street at Hayvenhurst Avenue. The propane leak, discovered before 8 a.m.

Authorities scrambled Thursday to cope with a rash of hazardous materials incidents following the massive earthquake that shook asbestos from building fixtures and rocked fuel and chemical tanks. In Van Nuys, about 600 workers were evacuated from businesses next to Van Nuys Airport as Fire Department hazardous materials teams began draining explosive liquid propane from leaky piping at the Kaiser Marquardt plant on Saticoy Street at Hayvenhurst Avenue. The propane leak, discovered before 8 a.m.

Four years ago, the Marquardt Co., a Van Nuys-based weapons maker, had more than $100 million in defense contracts, 1,100 workers and what looked like a rosy future. Today the company has been broken up into three businesses. One of them is in bankruptcy court and is also suing its former parent company in a dispute over assets, including the rights to what could be a lucrative tank-bomb business.

Marquardt Manufacturing Inc., a Van Nuys producer of bombs and related munitions equipment, has filed for protection under federal bankruptcy laws because of a dispute with its former parent, Marquardt Co. MMI filed under Chapter 11 in U.S. Bankruptcy Court in Los Angeles last month to avoid the potential seizure and sale of certain assets by Marquardt, said MMI Chairman Lenn Kristal.

About 400 business people and 80 companies are expected to take part in the sixth annual Small/Minority Business Opportunity Day on June 16 at UC Santa Barbara. The event offers operators of small businesses in Ventura, Santa Barbara and San Luis Obispo counties a chance to contact large firms that might need their products and services. Lockheed Space Operations, Martin Marietta Corp.

Aiming to revitalize a long-vacant industrial site, city officials are seeking $2 million in federal funds to convert a large tract near Van Nuys Airport into a business park. Los Angeles Councilman Joel Wachs said Tuesday he will request the money to convert the 55 acres formerly occupied by defense contractor Kaiser Marquardt into an industrial park with more than a dozen businesses. The funds would come from the U.S. Department of Commerce's earthquake assistance program. "This effort . . .

Parachute jumps, firefighting rescue operations and dozens of vintage aircraft will highlight this year's Van Nuys Airport Aviation Expo Saturday and Sunday. Expo '94, which is free to the public, will be held from 9 a.m. to 5 p.m. both days and is expected to draw 250,000 enthusiasts. The pedestrian entrance is at 8030 Balboa Blvd. in Van Nuys. The event, whose theme is "The Spirit of Los Angeles," will honor community heroes for acts of courage following the Northridge earthquake.

Four years ago, the Marquardt Co., a Van Nuys-based weapons maker, had more than $100 million in defense contracts, 1,100 workers and what looked like a rosy future. Today the company has been broken up into three businesses. One of them is in bankruptcy court and is also suing its former parent company in a dispute over assets, including the rights to what could be a lucrative tank-bomb business.

Marquardt Manufacturing Inc., a Van Nuys producer of bombs and related munitions equipment, has filed for protection under federal bankruptcy laws because of a dispute with its former parent, Marquardt Co. MMI filed under Chapter 11 in U.S. Bankruptcy Court in Los Angeles last month to avoid the potential seizure and sale of certain assets by Marquardt, said MMI Chairman Lenn Kristal.

Kaiser Marquardt of Van Nuys won a $5.5-million contract from the George C. Marshall Space Flight Center in Alabama for research and development on hypersonic ramjet engine concepts for advanced reusable transportation technologies. * So. Cal Ship Services in Terminal Island won a $655,000 contract from the Naval Air Warfare Center Weapons Division in Point Mugu for environmental cleanup services.

Aviation Expo '97 promises to be an event-packed weekend, with aerobatics and static displays Saturday and Sunday at Van Nuys Airport. But Friday afternoon will provide an air show of its own as dozens of airplanes, ranging from vintage World War II propeller craft to a B-1B Lancer bomber and a Harrier vertical-takeoff jet, arrive at the airfield for the weekend.