Word: northrop
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Dates: during 1990-1999
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...coming 'round the other side of the mountains is a disappointed family fleeing with relief back to the urban energy of the Pacific Coast, right? Wrong. On the other side is Peter Northrop, 38, a Connecticut-born Chevron oil computer programmer in Denver. In July 1992, Northrop was given 48 hours to agree to a transfer to San Ramon, California, about 30 miles east of Oakland. He and his wife Susan, 37, agonized and then opted to stay put in Denver with their two small children. It took Northrop four months to land a new job with Diners Club...
...been on the foreign side of controversial transactions," says a Washington lobbyist and rival dealmaker. But Carlyle has the political savvy to play different sides. When the Bush Administration overturned the French deal in order to keep LTV out of the hands of foreign interests, Carlyle teamed with Northrop to acquire LTV's aircraft operations...
...national security interests. The action was taken on the same day that votes in both the House Appropriations Committee and the Senate expressed disapproval of the sale. Anticipating rejection, Thomson-CSF officials have been scrambling for some time to put together a new offer -- with American partners, including Raytheon, Northrop or Loral. One hitch is that Thomson-CSF placed a $20 million guarantee with LTV for a completed sale by July 31. A new arrangement would depend on the readiness of LTV's creditors to let this deadline slide while a new U.S. review process took place...
...most endangered weapons systems is the Northrop B-2 Stealth bomber, a radar-evading aircraft that costs $850 million apiece and provided half the company's $4.1 billion of sales during the first nine months last year. The Air Force has already trimmed B-2 orders from 132 planes to 75. According to TIME's sources, White House aides met quietly with Northrop officials last month to discuss a possible halt to the project, which employs 13,000 in the Los Angeles area, once work is completed on the 16 B-2s now in production...
...state's economy in the late 1960s but only about 7% today. "The average worker has been laid off and called back many times," says Bonnie Sherman, a vocational counselor for jobless defense employees in Southern California. "They used to say, 'That's O.K., I'll run over to Northrop or Hughes.' But the government isn't giving these corporations the contracts they are used to," she adds. "We're in a peace economy...