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.
October 21, 2011
Remember where you were the first time you saw a picture of a Stealth Fighter? It was probably around the time of the Gulf War, and you may have thought the same thing I did: “How did they get that boomerang to fly? “And it's invisible to radar, no less!” __________________ FOR THE RECORD: An earlier version of this post incorrectly referred to the Fighter as the Stealth Bomber, which is separate aircraft. __________________ That war machine, officially known as the Lockheed F-117 Nighthawk, was developed beginning in 1978 in a super-secret division of Lockheed (now Lockheed Martin)
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 12, 2010
Four roads will be repaved A project to improve portions of hillside streets that began last week is scheduled for completion May 28. The $778,000-resurfacing of Harvard Road, De Bell Drive, Walnut Avenue and Lockheed View Drive involved working with operators of the Castaway, DeBell Golf Course, Wildwood Canyon Park and Starlight Bowl to maintain access during construction. It includes concrete repairs, asphalt grinding and roadway repaving with rubberized asphalt.