Trw International

In a deal that will at least quintuple annual sales, Parker Automotive Corp. said Monday that it has signed a five-year, $100-million distribution pact with TRW International. Under the agreement, the unit of Cleveland-based TRW Corp. will buy a minimum of $20 million of Parker Automotive's pollution-reducing products for internal combustion engines, according to Diane Parker, a vice president of the 3-year-old company. For its fiscal 1990 year, which ended Feb.

Once, TRW was a company that fattened its profit and burnished its reputation by helping land American astronauts on the moon. Today, its fortunes ride in large part on keeping American motorists from slamming into their dashboards. Automotive parts--especially air bag safety restraints--are the products powering TRW today, though the Cleveland-based conglomerate still fields a motley mix of businesses.

Parker Automotive Corp. said Thursday said that it and TRW International have signed a distributorship agreement with a West German company that guarantees the sale of at least $2 million worth of Parker's products in Hungary. The pact names S&B Enterprises of Reilengen, West Germany, as the exclusive distributor for Parker's CarbonClean products in Hungary. The distributor will market and service the products for five years, with the option to renew the contract.

The Air Force awarded major development contracts to Rockwell International and TRW on Friday to competitively develop a network of surveillance satellites for the Strategic Defense Initiative--assuring that the multibillion-dollar space program and many of its jobs will ultimately be located in Southern California. The satellite network, known as Brilliant Eyes, would be used to detect the worldwide launch of ballistic missiles, both conventional and nuclear, and provide tracking for U.S.

Once, TRW was a company that fattened its profit and burnished its reputation by helping land American astronauts on the moon. Today, its fortunes ride in large part on keeping American motorists from slamming into their dashboards. Automotive parts--especially air bag safety restraints--are the products powering TRW today, though the Cleveland-based conglomerate still fields a motley mix of businesses.

The Air Force awarded major development contracts to Rockwell International and TRW on Friday to competitively develop a network of surveillance satellites for the Strategic Defense Initiative--assuring that the multibillion-dollar space program and many of its jobs will ultimately be located in Southern California. The satellite network, known as Brilliant Eyes, would be used to detect the worldwide launch of ballistic missiles, both conventional and nuclear, and provide tracking for U.S.

Reagan Administration trade officials believe that Japan is conducting an orchestrated campaign of disinformation to provide a rationale for the failure of Japanese companies to increase their purchases of U.S. semiconductors. In late December, Japanese newspapers splashed a story over their front pages that the country's National Space Development Agency was postponing a launch because of defective U.S.-made semiconductors in the rocket.

The first big chunk of assets from Parker Automotive Corp.--once a highflier but now bankrupt--has been sold for $1.5 million to a small, struggling company that makes auto turbochargers. The buyer, a Costa Mesa-based unit of International Turbo Center, said it fired Parker Auto's flamboyant founder Michael E. Parker last month. Parker had been consulting for ITC after being forced out of Parker Auto.

Parker Automotive Corp., a troubled maker of equipment for cleaning car and truck engines, has filed for bankruptcy. The company, in a Chapter 11 filing Friday in U.S. Bankruptcy Court in Santa Ana, is seeking protection from creditors' claims while it attempts to reorganize. The filing lists liabilities of $9.2 million and assets of $6.5 million. The 4-year-old company has never turned an annual profit.

Northrop Grumman Corp. said Wednesday that it is eliminating 2,500 jobs on two military aircraft programs in Southern California this year, although 600 of those positions will be recouped by the end of 1997. The cutbacks will affect virtually every occupation in aerospace, including engineers, assemblers, managers and administrators in plants stretching from the coast to the Mojave Desert. The Los Angeles-based firm currently employs 17,600 workers in California.

Parker Automotive Corp. said Thursday said that it and TRW International have signed a distributorship agreement with a West German company that guarantees the sale of at least $2 million worth of Parker's products in Hungary. The pact names S&B Enterprises of Reilengen, West Germany, as the exclusive distributor for Parker's CarbonClean products in Hungary. The distributor will market and service the products for five years, with the option to renew the contract.

In a deal that will at least quintuple annual sales, Parker Automotive Corp. said Monday that it has signed a five-year, $100-million distribution pact with TRW International. Under the agreement, the unit of Cleveland-based TRW Corp. will buy a minimum of $20 million of Parker Automotive's pollution-reducing products for internal combustion engines, according to Diane Parker, a vice president of the 3-year-old company. For its fiscal 1990 year, which ended Feb.

Bruce Hochman was standing outside a 7-Eleven store in Los Angeles, oblivious to a new sign in the window warning him that products sold there might contain chemicals that cause cancer and birth defects. The small, red-white-and-blue sign advised Hochman and other shoppers to dial a toll-free number if they want to know what consumer products contain dangerous chemicals. "I didn't even notice it, to be honest," Hochman said.

Bruce Hochman was standing outside a 7-Eleven store in West Los Angeles on Saturday morning oblivious to a new sign in the window warning him that products sold there might contain chemicals that cause cancer and birth defects. The small, red-white-and-blue sign advised Hochman and other shoppers to dial a toll-free number if they want to know what consumer products contain dangerous chemicals. "I didn't even notice it, to be honest," the Santa Monica resident said.