Bob Hope Airport Reaches Settlement with Lockheed Martin in Groundwater Cleanup Dispute

Airport Authority Will Pay Lockheed $2 Million in Exchange for Lockheed Martin Defending Airport Against All Costs Associated with EPA’s North Hollywood Operable Unit Program

BURBANK, Calif., March 1, 2011 — The Burbank-Glendale-Pasadena Airport Authority today announced it has reached a settlement in its federal court action against Lockheed Martin Corporation that sought to compel Lockheed Martin to defend and indemnify the Authority against potential costs for groundwater cleanup at Bob Hope Airport mandated by the U.S. Environmental Protection Agency (EPA).

Click here for a PDF of the complete release.