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BUSINESS
December 29, 1998 | Bloomberg News
Lockheed Martin Corp. was awarded $502 million in contracts to build the first two F-22 fighter jets, the Pentagon said. The amount awarded excludes an estimated $191-million down payment on the next six aircraft, which may come as early as this week, officials said. The Air Force plans to purchase 339 of the planes and 777 engines during the next 16 years. At an estimated cost of $187 million each, the F-22 will be the world's most expensive fighter plane when it goes into service in 2004.
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BUSINESS
December 29, 1998 | Bloomberg News
Lockheed Martin Corp. was awarded $502 million in contracts to build the first two F-22 fighter jets, the Pentagon said. The amount awarded excludes an estimated $191-million down payment on the next six aircraft, which may come as early as this week, officials said. The Air Force plans to purchase 339 of the planes and 777 engines during the next 16 years. At an estimated cost of $187 million each, the F-22 will be the world's most expensive fighter plane when it goes into service in 2004.
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NEWS
June 22, 1994 | Associated Press
An explosion shook a chemical plant in suburban Philadelphia on Tuesday, injuring at least 39 people, forcing hundreds of evacuations and closing Interstate 95. The blast occurred just before noon at United Chemical Technologies Inc. in Bristol Township and started a fire that burned for nearly three hours.
BUSINESS
January 27, 1998 | BARBARA MURPHY
MRV Communications has said it will buy Xyplex Inc., a unit of Whittaker Corp., to expand into the wide-area computer networking and remote-access service markets. Whittaker, an aerospace engineering company based in Simi Valley, will sell Xyplex for $35 million in cash, plus warrants to purchase up to 500,000 shares of Chatsworth-based MRV at $35 a share.
CALIFORNIA | LOCAL
August 23, 2005 | From Associated Press
A company that contaminated San Gabriel Valley groundwater with its metal cleaning and degreasing procedures has agreed to spend $27.8 million on environmental projects and penalties in a Superfund settlement reached with the U.S. Environmental Protection Agency, officials said Monday. Carrier Corp., which manufactures air-conditioning and heating units, and its parent company, United Technologies Inc., will spend about $26.
BUSINESS
December 19, 2000
* Sam L. Ervin, president and chief executive of SCAN, has been elected chairman of the Long Beach-based seniors health plan. The company named advertising executive Kim L. Hunter to its board. The company also named John Fielder senior vice president of marketing and corporate communications. * Los Angeles-based United Internet Technologies Inc., a developer of interactive control technology and subsidiary of United Leisure Corp., has named Andy Rifkin chief technology officer.
CALIFORNIA | LOCAL
March 18, 1987 | GEORGE FRANK, Times Staff Writer
The troubled CH-53E Super Stallion, the Marines' biggest cargo and troop helicopter, will be barred from combat maneuvers or carrying heavy external loads over populated areas under new restrictions to be imposed by the Navy's high command, an Orange County congressman said Tuesday. The new rules may be imposed as early as today, Rep. Robert E. Badham (R-Newport Beach) said.
CALIFORNIA | LOCAL
January 15, 1987 | MARK I. PINSKY, Times Staff Writer
A decision by the U.S. Supreme Court earlier this week involving the Sikorsky Aircraft Co. and the Marine Corps CH-53D Sea Stallion helicopter may have a major impact on lawsuits filed against Sikorsky because of military aircraft crashes, lawyers involved in such suits said Wednesday. The Supreme Court agreed Monday to review the case of Boyle vs. United Technologies Inc., Sikorsky's parent company, which was filed by the parents of Lt.
BUSINESS
November 17, 1995 | From Times Wire Services
U.S. stocks rose to new highs on Thursday, striding closer to the 5,000 mark as financial issues rallied on optimism the Federal Reserve Board will lower interest rates by the end of the year. Stocks were also supported by Friday's double expiration of options and futures contracts, a quarterly event that often adds to trading volatility. The Dow Jones industrial average rose 46.61 points to 4,969.36.
BUSINESS
October 23, 2000 | From Times Staff and Wire Reports
General Electric Co. said Sunday that it agreed to buy Honeywell International Inc. for $45 billion in stock, in a move to bolster its key aerospace, industrial systems, power and plastics businesses. As part of the deal, the largest acquisition in GE's history, John "Jack" Welch will stay on as chairman and chief executive of GE through the end of 2001, pushing back a planned April retirement in order to see through the integration of Honeywell. GE was expected to name a No.
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