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Rockwell Internation

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BUSINESS
July 17, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Rockwell International Corp. announced plans Monday to move its corporate headquarters from a leased building in El Segundo to a company-owned facility in Seal Beach. The move will make Rockwell, a diversified defense, electronics and aerospace firm with annual revenue of more than $12.5 billion, by far the largest public company based in Orange County.
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CALIFORNIA | LOCAL
February 9, 2010 | By Patrick J. McDonnell
A Chinese-born aerospace engineer who had access to sensitive material while working with a pair of major defense contractors in Southern California was sentenced Monday to more than 15 years in prison for acquiring secret space shuttle data and other information for China. U.S. District Judge Cormac J. Carney in Santa Ana imposed a 188-month prison term on Dongfan "Greg" Chung, 73, a naturalized U.S. citizen who lives in Orange. Carney declared that he could not "put a price tag" on national security and sought to send a signal to China to "stop sending your spies here," according to the U.S. attorney's office.
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BUSINESS
August 31, 1990
Rockwell International Corp. in Seal Beach won a $7-million contract to research a space-based laser-ground-based laser, concept formulation and technology development planning program.
CALIFORNIA | LOCAL
January 13, 2000 | DAVID ROSENZWEIG, TIMES STAFF WRITER
NASA unwittingly paid for a subcontractor's expenses in making a horror movie, operating a pizza franchise, vacationing around the world and meeting mortgage payments on two family homes and a ski lodge, according to a lawsuit filed in Los Angeles federal court. The civil complaint accuses Rockwell International, once a prime contractor for NASA's space shuttle and space station, of knowingly concealing the fraud by its now-defunct subcontractor, Omniplan, of Houston. Omniplan's owner, Ralph E.
BUSINESS
February 13, 1987
Rockwell increased its cash dividend and declared a stock dividend that will double the number of its outstanding shares. The quarterly cash dividend, payable to shareholders of record on Feb 23, was increased to 33 cents from 30 cents. The stock dividend will be distributed April 13 to shareholders of record on Feb. 23.
BUSINESS
May 8, 1997
Rockwell International Corp. on Wednesday named developer George L. Argyros a director, increasing the size of the board to 13 from 12. Argyros is chairman and chief executive of Arnel & Affiliates, a private investment company in Costa Mesa. He also is a general partner and the principal financial partner in Westar Capital, a private investment company. Argyros is perhaps best known as the former owner of the Seattle Mariners baseball team in the American League.
BUSINESS
July 21, 1992
Rockwell International Corp. on Monday reported a 19% drop in fiscal third-quarter earnings, led by profit declines in its electronics, aerospace and graphics businesses. In the three months ended June 30, Rockwell earned $122.6 million, or 55 cents per share, compared to $151.4 million, or 65 cents, in the same period last year. Sales fell to $2.7 billion from $3 billion.
BUSINESS
April 9, 1996
Rockwell International Corp. said Monday that it plans to buy Intecolor Corp., a privately held maker of industrial workstations and high-performance computer monitors. Terms of the deal were not disclosed. Rockwell said it plans to merge Intecolor into its Milwaukee-based automation business division. Intecolor's annual sales of $30 million represents less than 1% of Rockwell Automation's $3.6 billion in 1995 sales. Intecolor will continue to operate from its existing facility in Duluth, Ga.
NEWS
September 26, 1992
Willard F. Rockwell, Jr., 78, former chairman of Rockwell International Corp. His career began in 1935 when he joined Timken Detroit Axle Co., which was merged with other companies owned by his father to form Rockwell International, based in Seal Beach. He retired in 1979 as chief executive officer and left the board of the family aerospace conglomerate in 1984. On Thursday in Pittsburgh, Pa.
BUSINESS
December 30, 1991 | Dean Takahashi, Times Staff Writer
Donald R. Beall, a Corona del Mar resident and the top executive of an $11.9-billion company, no longer needs to take a helicopter to work. After moving its headquarters from El Segundo to Seal Beach last week, Rockwell surpassed Fluor Corp. as Orange County's biggest company. Despite a gloomy, short-term outlook, Beall expects the diversified technology company's revenue to grow at an average annual rate of 7%, including 2% a year in defense, through 1996.
BUSINESS
December 12, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Rockwell International Corp., moving to trim millions of dollars of costs, has told thousands of nonunion employees and retirees that the company is scaling back its health benefits. A total of 28,000 Rockwell employees in the U.S. and 18,000 retirees will have to pay as much as 20% of their health premiums, the company said Friday. The plan, which would increase health costs in two stages beginning Jan.
BUSINESS
November 18, 1997 | James S. Granelli
Rockwell International Corp.'s Donald R. Beall was one of 10 U.S. business executives named Monday as recipients of the 1998 Horatio Alger Award, which is given to those who exemplify the hard work and spirit embodied in the author's rags-to-riches tales. Beall, who as chairman oversaw Rockwell's transformation from an aerospace and defense firm to a commercial electronics company, will be honored with the others at a Washington ceremony April 24.
BUSINESS
May 8, 1997
Rockwell International Corp. on Wednesday named developer George L. Argyros a director, increasing the size of the board to 13 from 12. Argyros is chairman and chief executive of Arnel & Affiliates, a private investment company in Costa Mesa. He also is a general partner and the principal financial partner in Westar Capital, a private investment company. Argyros is perhaps best known as the former owner of the Seattle Mariners baseball team in the American League.
BUSINESS
April 9, 1996
Rockwell International Corp. said Monday that it plans to buy Intecolor Corp., a privately held maker of industrial workstations and high-performance computer monitors. Terms of the deal were not disclosed. Rockwell said it plans to merge Intecolor into its Milwaukee-based automation business division. Intecolor's annual sales of $30 million represents less than 1% of Rockwell Automation's $3.6 billion in 1995 sales. Intecolor will continue to operate from its existing facility in Duluth, Ga.
BUSINESS
May 22, 1995 | SUSAN MORAN, REUTERS
Ever racked your brain trying to find the perfect drill bit that will drill titanium? Or whether there's a zinc alloy maker in southern Arizona? The average consumer may not bother looking beyond the nearest hardware store. But parts buyers at companies can spend days trying to locate obscure manufacturing products. Now they can find them by doing quick keyword searches on their computer via Internet databases. Industry.
CALIFORNIA | LOCAL
March 14, 1995 | JEFF SCHNAUFER, SPECIAL TO THE TIMES
Call it "Space Shuttle: The Next Generation." The National Aeronautics and Space Administration has chosen Lockheed and two other Southland aerospace companies as finalists in the development of a less-expensive replacement for the space shuttle. The X-33 program, as NASA calls the project, is potentially worth $650 million if a single space-launch vehicle is built, NASA officials said Friday. The program is designed to turn over detailed development of future launch systems to private industry.
BUSINESS
July 17, 1986
Rockwell International said its third-quarter profit edged higher by 2% to $163.3 million on revenue that rose by 7% to $3.1 billion. A year ago, the company reported net income of $160.2 million on revenue of $2.9 billion. The performance was consistent with management's earlier prediction of somewhat improved earnings for the full year, said Robert Anderson, chairman. Profits for the first nine months of the company's fiscal year declined 1% to $449.4 million, compared to $455.
BUSINESS
December 1, 1994 | From Times Wire Services
Rockwell International Corp. confirmed Wednesday that it will compete against Lockheed Corp. and the team of Boeing Co. and McDonnell Douglas Corp. to design the successor to the space shuttle. Rockwell has been the lead contractor for the space shuttle since the program began in 1972. Rockwell officials have spoken with several major aerospace companies about teaming to bid on the program, said Alan Buis, a spokesman for Rockwell Space Systems in Downey.
BUSINESS
August 10, 1993 | MICHAEL FLAGG, TIMES STAFF WRITER
Western Digital Corp. agreed Monday to sell its silicon wafer factory in Irvine to Rockwell International Corp. for $115 million. Seal Beach-based Rockwell agreed to supply wafers--which are used to make computer chips--to Western Digital for at least three years. Western Digital will continue to cut wafers into chips at a Malaysian plant and sell them to its own customers. The business has not been profitable because the 224,000-square-foot Irvine plant is too big for Western Digital's needs.
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