Airport Official Says Merger Won’t Affect Staff

The expected merger of Lockheed Corp. and Martin Marietta will do nothing to change operations at the Burbank Airport, Lockheed and airport officials say.

About the only thing that will be different for the Lockheed subsidiary, which employs 112 airport workers, is the name of its parent company: Lockheed Martin.

“There won’t be any effect whatsoever,” said Peter Stamison, vice president of Lockheed Air Terminal. “We’ll just have a bigger, stronger (parent) company.”

Under a contract that has been in effect since the airport was purchased from Lockheed in 1978, Lockheed Air Terminal provides “management, oversight, expertise and manpower to fill the operating functions,” said airport Executive Director Tom Greer.

Greer, controller Dios Marrero and officers with the airport’s police department are the only staffers not employed by Lockheed.

The Burbank-based company oversees a few other airports across the country.