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Bob Hope Airport, Lockheed reach agreement in groundwater cleanup

Mar 2, 2011 10:41:35 PM- latimes.com
The authority that runs Bob Hope Airport will pay $2 million for a guarantee that the aerospace firm will pay the $108-million cost to rectify groundwater contamination under part of the Burbank airfield.

The Bob Hope Airport authority has agreed to pay $2 million to Lockheed Martin Corp. in exchange for a guarantee from the aerospace company to cover the cost of a $108-million cleanup of contaminated groundwater under part of the airport.