April 4, 1995
New Image Industries, a Canoga Park manufacturer of dental imaging equipment, said it has signed a contract with a division of Loral Corp. to develop a digital sensor that could reduce patient exposure to X-rays. New Image said it has joined forces with Loral Fairchild Imaging Sensors, a division of defense electronics manufacturer Loral Corp., to produce the filmless X-ray system. The product will be marketed to dentists in general practice.
March 22, 1995 |
Unisys Corp. continued a nine-year quest for sustained profits Tuesday by announcing the planned sale of its defense and aerospace holdings to Loral Corp. for $862 million. The computer company is shedding about a fourth of its operations. They employ about 8,500 people in the United States and Canada and generated $1.4 billion in revenue last year. The sale represents Unisys' latest effort to halt a downward spiral in revenue since it was formed in the 1986 merger of Burroughs Corp.
October 7, 1994 |
In an unusual collaboration that could help cement America's newly regained leadership in computer chip technology, AT&T, IBM, Motorola and Loral Corp. said Thursday that they would jointly develop a key manufacturing technology aimed at producing revolutionary advances in the power and sophistication of semiconductor chips.
December 14, 1993 |
Loral Corp.'s agreement to buy IBM Corp.'s defense computer business for $1.58 billion illustrates how mergers are accelerating again in the aerospace industry as continued Pentagon budget cuts intensify the pressure to consolidate. The pact between Loral and IBM, announced Monday, is only the latest of several sales unveiled recently. General Dynamics Corp. is also said to be trying to sell its space rocket business in San Diego to Martin Marietta Corp.
August 20, 1993 |
Loral Aeronutronic, which designs and produces tactical weapons for the U.S. government and its allies, said Thursday it has won two contracts worth a total of $133.5 million from the aerospace division of McDonnell Douglas Corp. Aeronutronic, the Newport Beach division of Loral Corp. in New York, will make 45 Nite Hawk infrared targeting pods for Navy fighter-bombers. The pods give the jets the ability to target and deliver laser-guided bombs during both day and night attack missions.
March 25, 1993 |
Loral Aeronutronic, the missile design and production unit of Loral Corp., will become part of a new missile group, the company said Wednesday. The administrative move to put Loral Aeronutronic in Newport Beach and Loral Vought Systems in Dallas under one corporate umbrella is not related to an expected transfer of up to 500 jobs from the Orange County facility.