CALIFORNIA | LOCAL
October 1, 1996 |
The president and chief executive officer of Simi Valley's Whittaker Corp. has resigned his posts, citing personal reasons. Officials at the 350-employee communications and aerospace company said Monday that Thomas A. Brancati, Whittaker's president since 1993 and its CEO since 1995, will be replaced immediately. Whittaker Chairman Joseph F. Alibrandi has been chosen as the company's new CEO, a position he held before Brancati's appointment. Company spokesman James B.
April 23, 1996 |
Whittaker Corp., with headquarters in Simi Valley, has completed the acquisition of Xyplex Inc. from Raytheon Co. for $117.5 million in cash and stock. The acquisition makes Whittaker a major provider of computer networking products and expands the firm's position as a leader in health-care networking. The closure of the deal, announced March 4, included approval under the Hart-Scott-Rodino Antitrust Improvements Act.
September 26, 1995 |
Whittaker Corp., an electronics and aerospace concern in Simi Valley, has received approval to build a large residential and commercial development on the site of a former Whittaker plant in Santa Clarita. The Santa Clarita City Council voted 5 to 0 to allow Whittaker to go ahead with its Porta Bella project, which would include 2,900 homes as well as commercial, office and industrial buildings. The property is adjacent to the city's planned town center.
September 5, 1995 |
Whittaker Corp., based in Simi Valley, had improved sales but lower profits in its fiscal third quarter compared to the same period last year. In the three months ended July 31, Whittaker had net income of $1.7 million, or 18 cents a share, on sales of $44.3 million. This compared with a net profit of $2.9 million, or 31 cents a share, on sales of $33.1 million a year earlier. Thomas A.
August 27, 1996 |
In a move that separates corporate counsel responsibilities from financial operations, Whittaker Corp. in Simi Valley has named Gerald E. Finnell as vice president and chief financial officer. Finnell, until recently a partner and board member of big-six accounting and consulting firm KPMG Peat Marwick, takes over the CFO reins from Richard Levin. Levin will continue to serve as vice president and general counsel for the company.