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Loral Aerospace Company

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BUSINESS
November 12, 1990 | Dean Takahashi, Times staff writer
Bernard L. Schwartz, chairman and chief executive of New York-based Loral Corp., doesn't make any apologies for the fact that his $3.2 million in compensation made him the defense industry's highest-paid executive last year. Asked recently about his compensation, Schwartz said: "We're in a competitive market and we pay well for good performance. I'm reminded of a remark made by Babe Ruth when he was asked why he made more money than the President. He said, 'Well, I had a better year.'
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BUSINESS
June 9, 1992
Datametrics Corp., a Chatsworth maker of printers and other computer equipment for aerospace, military and industrial markets, said it has received two contracts valued at $2.8 million to provide printers and keyboards for the U.S. Air Force. Datametrics was selected by Loral Aerospace Corp. in Colorado Springs, Colo. The contracts call for Datametrics to deliver the printers and keyboards beginning in 1993. The company said it expected additional follow-on orders.
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BUSINESS
October 25, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Ford Aerospace Corp. on Wednesday officially got a new owner and a new name--Loral Aerospace--when Loral Corp. completed its $715-million acquisition of one of Orange County's largest aerospace contractors. "The marriage of Loral and Ford Aerospace joins complementary programs, technologies, markets and customers and brings new dimensions to our business," said Bernard L. Schwartz, chairman and chief executive of Loral Corp., a New York-based defense electronics concern.
BUSINESS
July 25, 1991 | From Times Staff and Wire Reports
Loral Aeronutronic May Leave Orange County: The aerospace firm's top executive acknowledged that it is considering a relocation of its missile plant out of the area and will definitely relocate its 2,500-employee work force from its current site on prime hilltop property in Newport Beach before 1998. White-collar administrators and engineers will probably be moved to offices elsewhere in Orange County, President James Woolnough said in an interview.
BUSINESS
January 8, 1991 | Dean Takahashi; Times staff writer
Doing HARM: Loral Aeronutronic, the Newport Beach-based missile subsidiary of Loral Corp. of New York, said Monday that it has successfully tested its first high-speed anti-radiation missile (HARM) at the Naval Weapons Center in China Lake. The air-to-ground missile, which is designed to seek and destroy enemy radar and antiaircraft installations, was fired from a U.S. Navy F/A-18 aircraft against a simulated enemy target at the test range on Dec. 20.
BUSINESS
July 25, 1991 | From Times Staff and Wire Reports
Loral Aeronutronic May Leave Orange County: The aerospace firm's top executive acknowledged that it is considering a relocation of its missile plant out of the area and will definitely relocate its 2,500-employee work force from its current site on prime hilltop property in Newport Beach before 1998. White-collar administrators and engineers will probably be moved to offices elsewhere in Orange County, President James Woolnough said in an interview.
BUSINESS
June 9, 1992
Datametrics Corp., a Chatsworth maker of printers and other computer equipment for aerospace, military and industrial markets, said it has received two contracts valued at $2.8 million to provide printers and keyboards for the U.S. Air Force. Datametrics was selected by Loral Aerospace Corp. in Colorado Springs, Colo. The contracts call for Datametrics to deliver the printers and keyboards beginning in 1993. The company said it expected additional follow-on orders.
BUSINESS
January 31, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
In an unusual action, a Defense Department agency is demanding that the government receive a portion of an over-funded pension plan used by Loral Corp. in acquiring a Newport Beach defense firm from Ford Motor Co. last October, an agency spokeswoman said Wednesday. The Defense Logistics Agency, which oversees Pentagon contracts, asked in a letter dated Jan. 8 that Loral Aerospace, formerly Ford Aerospace Corp.
NEWS
June 13, 1991 | ERIC LICHTBLAU, TIMES STAFF WRITER
Maj. Stephen D. McConnell came home this week from Saudi Arabia after almost nine months in the desert, but there was no parade to greet him. Awaiting the 38-year-old Army officer instead were a daughter who suffered a serious back injury the day the Persian Gulf War ended, and uncertainty over his job with a Newport Beach aerospace firm. Some welcome home, said McConnell and his wife, Kim.
NEWS
June 13, 1991 | ERIC LICHTBLAU, TIMES STAFF WRITER
Maj. Stephen D. McConnell came home this week from Saudi Arabia after almost nine months in the desert, but there was no parade to greet him. Awaiting the 38-year-old Army officer instead were a daughter who suffered a serious back injury the day the Persian Gulf War ended, and uncertainty over his job with a Newport Beach aerospace firm. Some welcome home, said McConnell and his wife, Kim.
BUSINESS
January 31, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
In an unusual action, a Defense Department agency is demanding that the government receive a portion of an over-funded pension plan used by Loral Corp. in acquiring a Newport Beach defense firm from Ford Motor Co. last October, an agency spokeswoman said Wednesday. The Defense Logistics Agency, which oversees Pentagon contracts, asked in a letter dated Jan. 8 that Loral Aerospace, formerly Ford Aerospace Corp.
BUSINESS
January 8, 1991 | Dean Takahashi; Times staff writer
Doing HARM: Loral Aeronutronic, the Newport Beach-based missile subsidiary of Loral Corp. of New York, said Monday that it has successfully tested its first high-speed anti-radiation missile (HARM) at the Naval Weapons Center in China Lake. The air-to-ground missile, which is designed to seek and destroy enemy radar and antiaircraft installations, was fired from a U.S. Navy F/A-18 aircraft against a simulated enemy target at the test range on Dec. 20.
BUSINESS
November 12, 1990 | Dean Takahashi, Times staff writer
Bernard L. Schwartz, chairman and chief executive of New York-based Loral Corp., doesn't make any apologies for the fact that his $3.2 million in compensation made him the defense industry's highest-paid executive last year. Asked recently about his compensation, Schwartz said: "We're in a competitive market and we pay well for good performance. I'm reminded of a remark made by Babe Ruth when he was asked why he made more money than the President. He said, 'Well, I had a better year.'
BUSINESS
October 25, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Ford Aerospace Corp. on Wednesday officially got a new owner and a new name--Loral Aerospace--when Loral Corp. completed its $715-million acquisition of one of Orange County's largest aerospace contractors. "The marriage of Loral and Ford Aerospace joins complementary programs, technologies, markets and customers and brings new dimensions to our business," said Bernard L. Schwartz, chairman and chief executive of Loral Corp., a New York-based defense electronics concern.
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