March 14, 1992 |
Marquardt Wins Jet Contract: Marquardt Manufacturing Inc. in Van Nuys said it reached tentative agreement on a $120-million contract to build fuselages for a new business jet being assembled by Swearingen Aircraft Inc. in San Antonio. Marquardt said the new production, scheduled to start late this year, would create more than 300 additional jobs. The SJ130 jet, expected to be certified by federal authorities in late 1993, is an eight-passenger jet costing about $2.6 million.
October 8, 1991
Marquardt Co., a Van Nuys-based aerospace and defense manufacturer, has sold its manufacturing and ordnance divisions to a group headed by Marquardt's president, Kenneth Woodgrift. Terms were not disclosed. The Woodgrift group has formed a new company called Marquardt Manufacturing, also based in Van Nuys, which has 75 employees and will serve both the military and the civil aviation industry. Woodgrift will serve as president of the new company, and he remains president of Marquardt Co.