August 17, 1990 |
GE Aerospace said today it will close its West Philadelphia Re-Entry Systems plant, which employs 980 people, and merge the operations with other facilities in suburban Valley Forge. The company blamed the decline in the defense industry for the action and noted that the plant at 32nd and Chestnut streets is underutilized. As part of the consolidation, 100 jobs will be eliminated through retirement, other attrition and layoffs. The company said some of the 100 employees will be hired at other GE businesses.
October 6, 1990 |
The Navy has awarded a $64.9 million contract to General Electric Aerospace in Moorestown to build an Aegis weapon system that eventually will be sold to Japan. The system, expected to be completed by January 1994, will be the first of its kind to be sold overseas. Aegis, a defensive-weapon system, can track and fire on a number of land, sea or air targets, including planes and missiles, at distances up to several hundred miles from the ship it protects. It can also monitor attacks on those missiles, according to William Schumann, a spokesman for GE Aerospace in Washington.
January 13, 1993 |
Hundreds of General Electric Co. employees last night plotted strategies to preserve pension rights and other benefits that they fear may be adversely affected if the proposed acquisition of the company's aerospace division by Martin Marietta Corp. goes through. Most of the 800 GE employees at the ad hoc meeting at the Valley Forge Hilton work at GE Aerospace facilities in King of Prussia. The employees approved by voice vote the creation of a five-member preliminary steering committee and gave the committee authority to select lawyers to represent employees.
August 18, 1990 |
General Electric Aerospace said yesterday that it would close the West Philadelphia site it has occupied for more than three decades and relocate most of nearly 1,000 workers there to its King of Prussia headquarters by the end of next year. Although GE's Re-Entry Systems division, which makes nose cones for missiles, hummed with 7,000 workers at its late-1960s peak, the workforce has since declined to 980 workers, and the square-block site at 3198 Chestnut St. is "underutilized," GE said.
December 3, 1991 |
A consortium led by General Electric Aerospace has won a contract to build South Korea's first satellites, spokesmen for Korea Telecom and GE said yesterday. The two satellites will be built at GE Aerospace's plant in East Windsor, N.J., where its satellite-building Astro Space division is based. It wasn't clear how much the contract for two communications and broadcasting satellites was worth to GE. Jim Tierney, a spokesman GE Aerospace, said, "It's not our practice to confirm bid prices.
July 27, 1990 |
In what could spell more bad news for Camden, General Electric Aerospace says it may move some or all of its 2,500 employees out of its quarters on the banks of the Delaware. GE confirmed that pulling all of the division's employees out of Camden was among the options it was considering as it grappled with buildings it said are too large and inefficient to house the workforce it has cut steadily over the last several years. If GE leaves the city, one possibility is to move to unidentified GE facilities in the area, perhaps in Cherry Hill.
January 16, 1989 |
"The time has come when we must see things as they are, not as we would like them to be. The good old days have truly ended. There are more unknowns than ever before. " That's the refrain John Rittenhouse, czar of GE's aerospace empire, echoes again and again to his 46,000 underlings. Indeed, the new year's tidings aren't so bright for the division, headquartered in King of Prussia, which sold about $5.3 billion worth of electronics equipment in 1987. Its principal customer is the U.S. government.
September 20, 1989 |
General Electric Aerospace said yesterday that it was splitting its 11,000- employee Government Electronic Systems Division, based in Moorestown, into two units, with one to remain in Moorestown and the other to be based at the company's facility in Syracuse, N.Y. The Government Electronic Systems Division will stay in Moorestown and focus solely on radar and air-defense markets, and the Ocean Systems Division in Syracuse will handle only sonar...
May 13, 1988 |
The Pentagon yesterday named General Electric Aerospace in Valley Forge as the prime contractor to develop an engineering design for the first phase of the proposed "Star Wars" anti-missile defense system. GE beat out General Dynamics Corp. for the five-year contract, which will total $235.9 million and which includes options for two additional two-year contracts. "Cost was the major factor in picking GE," said a Defense Department official, who requested anonymity. Although some of the work will be done at a still-undesignated GE facility in the Valley Forge area, a number of other GE facilities and five major subcontractors will share in the work, according to GE spokesman Kenneth Leinweber.
April 28, 1990 |
General Electric Aerospace yesterday said it planned to eliminate 1,870 jobs at its Camden and Moorestown plants by the end of 1992, plus 2,330 jobs at plants elsewhere. At the same time, the defense contractor said it planned to build two electronics-components production centers - one likely to be in Logan Township in Gloucester County and one definitely to be in Conklin, N.Y. Each of the new plants will employ up to 500 workers, mostly in production. While laid-off employees will be considered for jobs at the new electronics centers, GE Aerospace spokesman Jim Tierney said many of the jobs were not interchangeable with jobs in Camden and Morrestown.