CALIFORNIA | LOCAL
December 19, 2010 |
Officials have voted to raise parking daily rates at Bob Hope Airport by $1 next year to fund a legal battle against Lockheed Martin Corp. over who should pay for the cleanup of polluted groundwater beneath the airfield. The fee increase is the latest chapter in a long-running dispute between the Burbank airport and Lockheed, which once manufactured military aircraft at the site. Airport officials insist the contamination is the fault of Lockheed alone, but the aircraft manufacturer and the Environmental Protection Agency say the airport is partly responsible and should therefore shoulder a portion of the $108-million cleanup expense.
September 23, 2009 |
President Obama's decision last week to scrap a proposed ground-based missile defense system in Europe was bad news for Boeing Co. and other contractors associated with the plan, but it could be a boon for Raytheon Co. and other companies that produce ship-based systems, analysts said. Boeing had been slated to manage the construction and installation of 10 ground-based interceptors in Poland that were part of the Bush administration's original plans. "The losers are clear," said Phil Finnegan of the defense and aerospace research firm Teal Group.
CALIFORNIA | LOCAL
March 30, 2009 |
David P. Cooley, the retired Air Force pilot who was killed Wednesday in the crash of an F-22 near Edwards Air Force Base at age 49, had a significant career as a versatile test pilot and a large effect on the test flight community in the high desert as a trainer and mentor of future test pilots, colleagues told The Times on Sunday. A test pilot since 1989, Cooley flew a long list of aircraft that included the F-111, F-15 and F-117 as well as the F-22. "He was calm, cool, collected.
February 11, 2009 |
Lockheed Martin Corp. is lobbying the Obama administration to buy additional F-22 fighter jets by arguing that continued production of the plane would preserve nearly 100,000 jobs across the country, including 19,500 in California. Secretary of Defense Robert M. Gates and other officials have voiced skepticism over the F-22 program in the past, and disagreements over the future of the plane led to a shake-up in Air Force leadership last year.
October 22, 2008 |
Lockheed Martin Corp., the world's largest defense company, said third-quarter earnings increased 2.1% as a gain from the sale of a Russian rocket-launching venture helped make up for lower sales of jets and satellites. The shares fell the most in six years after Lockheed predicted 2009 profit that trailed analysts' estimates. Quarterly net income climbed to $782 million, or $1.92 a share, from $766 million, or $1.80, a year earlier. Sales fell 4.7% to $10.6 billion, the Bethesda, Md.-based company said.
April 23, 2008 |
Northrop Grumman Corp. won a $1.16-billion contract to build an unmanned surveillance plane to replace the Navy's aging P-3 Orion maritime patrol aircraft, the Pentagon said Tuesday. The work, also sought by Lockheed Martin Corp. and Boeing Co., marks the latest big contract win for Northrop, which in February secured a $35-billion deal to build aerial refueling tankers for the Air Force. Northrop's Global Hawk drone is already flown by the Air Force in Iraq and Afghanistan.
April 22, 2008 |
They were born shrouded in mystery in a windowless building in Burbank. They flew combat missions over Serbia and Iraq virtually invisible to enemy radar. And today, the black, bat-like F-117A Night Hawks will fly quietly into the night as stealthily as they came. The last four of the world's first stealth fighters will make their final flights from Palmdale to a secret desert base in Nevada, where they will be locked up indefinitely in a secure concrete hangar.
January 6, 2008
Regarding "Lockheed jets going to Pakistan" (Jan. 1): At a time of worldwide apprehension over the prospect of nuclear weapons falling into the wrong hands in Pakistan, what do I see in the first issue of the L.A. Times for 2008? Lockheed Martin and the U.S. Air Force intend to deliver 18 F-16 fighter jets to Pakistan. By all means, let's provide them with additional means to deliver those nukes. Absolutely brilliant. Jon Rowe Costa Mesa
January 17, 2006 |
The U.S. Army probably will pay Lockheed Martin Corp. tens of millions of dollars in contract termination fees for a botched attempt to produce a spy plane meant to serve the needs of both the Army and the Navy, a senior Army official said Monday. Bethesda, Md.-based Lockheed Martin, the Pentagon's No. 1 supplier, was not at fault in the scrapping of the initial, $879-million contract, said Edward Bair, the Army's program executive officer for electronic warfare and sensors.