AEROSPACE & DEFENSE

Loral to Buy Rest of Former Ford Aerospace: Loral Corp. said it will buy the remaining shares of the former Ford Aerospace Corp. in Newport Beach for 6.15 million shares of stock, a deal valued at $197.5 million. Loral said it signed an agreement with a unit of Shearson Lehman Bros. to buy the 41% stake in Loral Aerospace Corp. that it does not already own. The transaction completes Loral’s acquisition of the former Ford Aerospace Corp. that began in August, 1990, when Loral and Shearson teamed up to pay $715 million in cash for the aerospace subsidiary of Ford Motor Co. The partners allowed Ford Motor to keep $213.3 million in pension assets.