IN A DIVE: Lockheed, long the backbone...

IN A DIVE: Lockheed, long the backbone of the Valley’s aerospace industry, is pulling out of the Burbank facilities it has occupied for more than 60 years, laying off some employees and relocating others. . . . Its decline is the most drastic among several ailing local aerospace firms. See Valley Briefing (B5).

Lockheed Layoffs

The decline in the number of workers at the flagship Burbank plant will continue. In 1994, the location will be closed. 1980: 9,500 1993: 2,100