| The mere mention of Los Angeles is enough to make | | | | one producer of natural gas. |
| most of us think of the city's wonderful climate, movie | | | | Health Net, Inc., provides HMO, POS, PPO and other |
| stars and the Hollywood sign. Many forget that Los | | | | managed health care solutions to almost seven million |
| Angeles is a business and manufacturing powerhouse, | | | | customers in all 50 states. Health Net, which is formally |
| too. In fact, the city's bustling economy, which is built on | | | | based in Woodland Hills, one of many districts within |
| international trade, music, television and the movies, | | | | the city of Los Angeles, came under national scrutiny in |
| aerospace, technology, oil, fashion and tourism, makes | | | | 2007 when a California woman sued the company, |
| the City of the Angels the biggest manufacturing | | | | claiming it had wrongly discontinued her care during |
| center in the United States. | | | | chemotherapy. As of this writing, the case is still |
| One of the best ways to zero in on the industrial | | | | pending in the courts. |
| sectors that make the Los Angeles economy so | | | | Originally launched in 1957 as Kaufman & Broad, KB |
| powerful is to look more closely at the five Fortune | | | | Homes is one of America's biggest homebuilders. KB |
| 500 corporations that make Los Angeles their home | | | | Homes erected homes for some 37,000 American |
| Listed in alphabetical order according to the business | | | | families in 2005, the last year for which this kind of |
| sector they represent, these corporations are Northrop | | | | data was available. Based in Los Angeles, KB Homes |
| Grumman (aerospace), Occidental Petroleum (energy), | | | | has four main divisions within the United States: West |
| Health Net (health care), KB Home (home building) and | | | | Coast (California), Southwest (Arizona, Nevada and |
| Reliance Steel & Aluminum (metals). | | | | New Mexico), Central (Colorado, Illinois, Indiana, |
| Here's a synopsis of each of these five corporations: | | | | Louisiana and Texas) and Southeast (Florida, Georgia, |
| Founded in 1927 in Denver, Colorado, aerospace and | | | | Maryland, North Carolina, South Carolina and Virginia). |
| defense contractor Northrop Grumman now calls Los | | | | KB Homes' Corporate Headquarters are located at |
| Angeles its home base. With estimated annual | | | | 10990 Wilshire Boulevard, Los Angeles, California. |
| revenues of 30 billion dollars and more than 120,000 | | | | A hometown success story, Reliance Steel & |
| employees worldwide, Northrop Grumman is the third | | | | Aluminum was established in 1939 at Los Angeles, |
| biggest U.S. defense contractor and the number one | | | | where it originally manufactured steel reinforcing bar. |
| maker of naval vessels for the U.S. Navy. Northrop | | | | Today, the company sells a complete line of over |
| Grumman's Corporate Headquarters are located at | | | | 60,000 metal products at over 180 locations in the |
| 1840 Century Park East, Los Angeles, California. | | | | United States, Belgium, Canada, China and South |
| Nicknamed "OXY" after its trading symbol on the New | | | | Korea. Still true to its roots, Reliance directs its global |
| York Stock Exchange, Occidental Petroleum is | | | | operations from its Corporate Headquarters at 350 |
| America's fourth largest oil and gas company. | | | | South Grand Avenue, Suite 5100, Los Angeles, |
| Headquartered at 10889 Wilshire Boulevard, Los | | | | California. |
| Angeles, California, OXY employs about 9000 workers | | | | Contact the Los Angeles Area Chamber of |
| at locations in the United States, the Middle East, North | | | | Commerce at 350 South Bixel Street, Los Angeles, |
| Africa and South America. Occidental Petroleum is the | | | | California, for more information about the Los Angeles |
| biggest Texas oil producer and also California's number | | | | economy. |