May 15, 2002
Almost 70 years ago -- on June 21, 1932 -- a group of investors led by Robert E. Gross purchased the bankrupt Lockheed Aircraft Corporation for $42,000. The Burbank company turned out to be the corporate bargain of the century, but that was not predictable in the early days. The history of Lockheed Aircraft prior to 1932 is complicated. There were many successes along the way from 1912 to 1932. However, there had also been many problems, mostly financial, which finally led to the company going bankrupt.
December 4, 1999
Paul Clinton AIRPORT DISTRICT -- Zelman Development Companies will purchase Lockheed Martin Corp.'s "A-1 North" site by the end of the year to build a high-tech industrial manufacturing complex, the president of the Los Angeles developer said. Ben Reiling said he is in the final stages of buying the 31-acre parcel from the aerospace giant for more than $20 million. Lockheed spokeswoman Gail Rymer confirmed the company was negotiating exclusively with Zelman but declined to say how much it was asking for property.
January 17, 2001
Jenna Bordelon BURBANK -- Two former Burbank residents have lost the fight to continue their battle against Lockheed Martin Corp., officials said Friday. A Burbank Superior Court judge ruled in December that Lynnell Murray-Madrid and her sister, Erin Baker of Florida, were restrained by a settlement approved Dec. 8 by their attorney, Thomas G. Foley Jr. The women wanted to continue fighting Lockheed by filing their own lawsuit, but Judge Carl J. West ruled they could not pursue the matter after their attorney had already agreed to a good-faith settlement.
June 29, 2005
Lockheed FCU to donate to troops During the month of July, Lockheed Federal Credit Union will raise money to send to U.S. service men and women, as well as hospitalized veterans, prepaid calling cards. Lockheed has partnered with Operation Uplink and Cell Phones for Soldiers. The credit union is asking for cash donations from employees, credit union members and the general public. Based in Burbank, Lockheed Federal Credit Union has nine branches in Southern California.
May 13, 2000
It's been nearly 10 years since Lockheed Martin Corp. pulled up its remaining stakes in the city and left Burbank residents to sort through a complicated and conflicting legacy. Few would argue with the tremendous accomplishments of Lockheed and the other aerospace companies that once made this city their home. Their engineering and manufacturing prowess earned Burbank a spot in the nation's collective consciousness long before Johnny Carson began making jokes about "beautiful downtown Burbank."
October 14, 2000
Paul Clinton CIVIC CENTER -- Troubled by higher-than-expected levels of chromium 6 in drinking water, the City Council has voted to stop operating a city well with the highest level of the contaminant. Although it could lead to higher water rates, the council said it would welcome efforts by Burbank Water and Power officials to disconnect Well 110. The move follows tests by Los Angeles County that revealed a reading of 7.84 parts per billion of the suspected carcinogen at a city tap. In approving the move, council members lashed out at Lockheed Martin Corp.
December 8, 2010
Parking rates will rise by $1 at Bob Hope Airport next year as officials beef up for what is expected to be a long and costly legal battle with Lockheed Martin over who should pay for cleaning polluted groundwater beneath the airfield. In pitching the fee increase to the Burbank-Glendale-Pasadena Airport Authority on Monday, executive director Dan Feger criticized Lockheed Martin Corp. and the Environmental Protection Agency for trying peg some of the cleanup to the airport, arguing the underground contamination was left behind by decades of military aircraft manufacturing.
June 5, 2002
Karen S. Kim BURBANK -- When Burbank High School buddies Victor Martino and Amerio Corradi opened a small bakery in 1946 after fighting overseas during World War II, they never expected that it would become one of the city's longest-lasting businesses. "I didn't have any idea we would get as big as we did," said Corradi, 79. "When we started in the business, we were just kids really, and we were competing with some big companies." The bakery had switched hands and locations, but is back under Corradi's leadership on West Verdugo Avenue.
May 31, 2000
Paul Clinton AIRPORT DISTRICT -- Burbank Airport will light the candles on its 70th birthday cake Saturday with an open house. During the event, from 11 a.m. to 3 p.m., residents can tour of the airport by bus, step inside three vintage planes and peruse a photography exhibit dating back to the airport's 1930 grand opening. The airport trucked in a Lockheed C-121C Super Constellation, Douglas DC-3 and Martin 404 to put on display. All three are transport planes used in the 1930s, '40s and '50s.
August 22, 2007
Credit union takes youngsters to ballgame The Lockheed Federal Credit Union in Burbank donated more than 100 tickets for Saturday’s Dodger game to the Burbank Boys & Girls Club. The game was against the Colorado Rockies. Since 2006, the Lockheed Federal Credit Union has donated more than $4,000 in funds and items to the Burbank Boys & Girls Club, according to the credit union. Magnolia Park beautifies lampposts After the addition of street banners on lampposts in the Magnolia Park shopping district, the neighborhood’s business partnership is looking to add flower baskets to the mix. The adopt-a-basket program allows business owners interested in beautifying the area to choose where their sponsored flower basket will hang and will get their name on a plaque.