AEROSPACE
From Times Staff and Wire Reports
Hughes Aircraft to Keep L.A. Home: The aerospace company, as expected, said it plans to stay in its Los Angeles headquarters because lawmakers made strides to improve California’s business climate. “We’re confirming our presence in the state,” Hughes Chairman C. Michael Armstrong told a news conference attended by Gov. Pete Wilson and other state officials. Reforms in California’s workers’ compensation system and passage of tax-cut legislation helped to persuade Hughes to stay, Armstrong said. Hughes, which claims to be California’s largest industrial employer, with 40,000 workers, also declared a moratorium on layoff notices for at least six months, beginning Oct. 1.
