Advertisement
YOU ARE HERE: LAT HomeCollectionsRockwell International
IN THE NEWS

Rockwell International

FEATURED ARTICLES
BUSINESS
April 29, 1989
Rockwell International won a $60-million contract Friday to continue development over the next 18 months of an engine to power the National Aerospace Plane (NASP), the craft that will take off like an airplane and soar into orbit at Mach 25. Rockwell's competitor in the development program, Pratt & Whitney, was awarded an equal contract to continue development of its engine, which differs significantly from Rockwell's design. The Pentagon and the National Aeronautics and Space Administration, which are sponsoring the program, had planned to possibly eliminate one of the firms from the competition, but decided instead to continue both developments.
ARTICLES BY DATE
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.
Advertisement
BUSINESS
December 21, 1992
Nature of business: Multi-industry high technology company Total employees: 79,000 In Orange County: 6,000 Stock listing in The Times: On NYSE "Rockwl" Ticker Symbol: "ROK" Friday's close: $29.25 One-week change: Up $1.63 Analyst review: "Rockwell has come through the recession very well. The key point in looking forward in that this is a little bit of a different company.
BUSINESS
March 28, 2007 | From the Associated Press
The Supreme Court left an 81-year-old retired engineer without a penny to show for his role in exposing fraud at a former nuclear weapons plant in a ruling that makes it harder for whistle-blowers to claim cash rewards. James Stone stood to collect as much as $1 million from a lawsuit he filed in 1989 against Rockwell International, now part of aerospace giant Boeing Co., over problems with environmental cleanup at the now-closed Rocky Flats nuclear weapons plant northwest of Denver.
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.
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
June 9, 1993 | MICHAEL FLAGG
Rockwell International Corp. said Tuesday that it is realigning its top management. An analyst who follows the company said it appears to be setting up an orderly succession for the eventual retirement of Chairman and Chief Executive Donald R. Beall. Sam F. Iacobellis, 63, who shared the No. 2 job as co-chief operating officer, becomes deputy chairman for major programs. Kent M. Black, 53, the other chief operating officer, now has that job to himself.
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
July 14, 1992 | Dean Takahashi, Times staff writer
Rockwell International's defense unit in Anaheim said its avionics upgrade program reached a milestone when the F-111F Pacer Strike aircraft completed its first successful flight test last week. The Pacer Strike's avionics system is an Air Force project that has generated $107 million in contracts for Rockwell's Autonetics Marine and Aircraft Systems Division in Anaheim since 1989.
NEWS
May 10, 1990 | RICK HOLGUIN, TIMES STAFF WRITER
Fifth-grader Scott Ward wants to be an astronaut. So do fourth-graders Victor Alvarez and Carlton Monroe. Five space shuttle astronauts visited Ward Elementary School on Wednesday and left behind a comet's tail of excitement and motivation. "You have to work hard to be something that you really want," Scott said. "Someday you'll make that dream come true." The hourlong visit was arranged by Rockwell International Corp.
CALIFORNIA | LOCAL
November 3, 2006 | Peter Pae, Times Staff Writer
Robert Anderson, a colorful automotive engineer who turned Rockwell International Corp. into an aerospace powerhouse that in its heyday built the space shuttle and the B-1B bomber in sprawling Southern California factories, has died. He was 85. Anderson died Saturday at his home in Los Angeles from complications of cancer, said Pamela Tvrdy, a spokeswoman for Rockwell Collins, one of several companies that were spun off from Rockwell International.
CALIFORNIA | LOCAL
November 28, 2002 | Jean Guccione, Times Staff Writer
A federal appellate court reinstated a lawsuit Wednesday against two aerospace companies accused of contaminating the environment around the Santa Susana Field Laboratory near Chatsworth and causing neighbors to become sick. The 9th U.S. Circuit Court of Appeals, in a 2-1 decision, found that newspaper articles on contamination at the site could not be used to throw out 18 of the 52 claims against Boeing North American and Rockwell International Corp.
BUSINESS
September 26, 2001 | Bloomberg News
Rockwell Collins Inc. and its former parent, Rockwell International Corp., plan to cut jobs and may reduce profit forecasts as the economy worsens and demand for aircraft and factory parts falls. Collins, a maker of cockpit displays and other avionics equipment, said it will cut about 2,600 jobs, or 15% of its work force, because of an airline industry slump. It said fiscal 2001 earnings should meet estimates of $1.40 to $1.45 a share because of demand for defense products.
BUSINESS
April 5, 2001 | From Bloomberg News
Rockwell International Corp. said Wednesday it will stop investing in the company's In-Flight Network joint venture with News Corp. because no airlines have signed up for the live television and Internet-access service. The maker of automated controls and aerospace equipment will take a $16-million charge in the fiscal second quarter to write off its investment, spokesman Don McGrath said. News Corp.
BUSINESS
October 25, 2000 | Bloomberg News
Rockwell International Corp.'s aviation unit agreed to buy the parent of Kaiser Aerospace & Electronics Corp. for $300 million, only a day after General Electric Co. said it will buy Rockwell rival Honeywell International Inc. Rockwell Collins signed a definitive agreement to buy Foster City, Calif.-based K Systems Inc., the holding company for Kaiser Aerospace, a maker of display products for fighter aircraft and related products for the defense industry, the Milwaukee-based Rockwell said.
BUSINESS
July 15, 2000 | Reuters
Rockwell International Corp. said earnings rose a better-than-expected 13% in its fiscal third quarter as efficiency improvements offset soft sales in some core markets. The results pushed Rockwell's shares up $3.31, or nearly 10%, to close at $37.50 on the New York Stock Exchange. Rockwell's net income grew to $170 million, or 90 cents a share, from $150 million, or 77 cents, a year ago, as sales edged up 1.8% to $1.82 billion.
CALIFORNIA | LOCAL
May 12, 1992 | VIVIEN LOU CHEN, TIMES STAFF WRITER
The two Santa Cruz men arrested for allegedly trying to destroy a $50-million satellite at the Rockwell International complex in Seal Beach are both peace activists and believe that they were following the Book of Isaiah's mandate to "beat their swords into plowshares," friends of the men said Monday. Peter Allen Lumsdaine, 37, is the founder of the Santa Cruz-based First Strike Prevention Program, a nonviolent direct-action group opposed to the Trident nuclear missile system, friends said.
CALIFORNIA | LOCAL
September 22, 1992 | MATT LAIT, TIMES STAFF WRITER
A federal judge sentenced two anti-war activists to prison Monday, one for 18 months and the other for 24 months, for damaging a military satellite at the Rockwell International complex in Seal Beach. Peter A. Lumsdaine, 37, and Keith Joseph Kjoller, 31, both of Santa Cruz, had pleaded guilty, calling the May 10 incident an "act of conscience."
BUSINESS
April 28, 2000 | KAREN ALEXANDER, TIMES STAFF WRITER
Setting its sights on capturing the nascent market for in-flight Internet access, Boeing Co. unveiled a service Thursday that will use a satellite-based communications network to provide passengers with high-speed online connections, television and other entertainment. Rockwell International Corp. said separately that it will buy Sony Corp.'s Trans Com unit in Irvine to increase its airborne communications and entertainment offerings.
BUSINESS
February 24, 2000 | Bloomberg News
B.F. Goodrich Co. and Rockwell International Inc., makers of airplane equipment, said they formed a maintenance alliance they hope will help stabilize earnings during an expected slump in aircraft production. Rockwell Collins, which specializes in instrumentation and in-flight entertainment systems, will work with Goodrich Aviation Services to provide one-stop maintenance and repair services to airlines worldwide, the companies said.
Los Angeles Times Articles
|