Marquardt Manufacturing

Marquardt Manufacturing Inc., a Van Nuys weapons maker, will be liquidated by a court-appointed trustee, following a bankruptcy judge's finding that the company had little chance of restoring itself to profitability. MMI had been involved in a messy dispute in Van Nuys Superior Court with its former parent and creditor, Marquardt Co., over certain assets. The assets included MMI's potentially lucrative tank-bomb business.

Marquardt Manufacturing Inc., a Van Nuys weapons maker, will be liquidated by a court-appointed trustee, following a bankruptcy judge's finding that the company had little chance of restoring itself to profitability. MMI had been involved in a messy dispute in Van Nuys Superior Court with its former parent and creditor, Marquardt Co., over certain assets. The assets included MMI's potentially lucrative tank-bomb business.

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.

Marquardt Manufacturing Inc. in Van Nuys said it has been chosen by the U. S. Army as one of three prime contractors to do research and development work on a proposed new weapon for the infantry. The value of the award was not disclosed. The weapon, called the multipurpose individual munition system, would be a shoulder-launched weapon that soldiers would use against relatively heavy targets--such as an infantry-fighting vehicle--that could not be defeated with a rifle.

Marquardt Manufacturing Inc. in Van Nuys said it has been chosen by the U. S. Army as one of three prime contractors to do research and development work on a proposed new weapon for the infantry. The value of the award was not disclosed. The weapon, called the multipurpose individual munition system, would be a shoulder-launched weapon that soldiers would use against relatively heavy targets--such as an infantry-fighting vehicle--that could not be defeated with a rifle.

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.

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.

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.

A former Van Nuys defense contractor faces a $129,000 fine for alleged toxic-waste violations, state officials said Tuesday. A complaint was issued to the Marquardt Co., which formerly produced bomb components and other military hardware at 16555 Saticoy St. The company was accused of 15 hazardous-waste violations after inspections in May and June, officials with the California Department of Toxic Substances Control said. Marquardt has sold its operation to two other companies.

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.