AEROSPACE & DEFENSE

Loral Aeronutronic May Leave Orange County: The aerospace firm’s top executive acknowledged that it is considering a relocation of its missile plant out of the area and will definitely relocate its 2,500-employee work force from its current site on prime hilltop property in Newport Beach before 1998. White-collar administrators and engineers will probably be moved to offices elsewhere in Orange County, President James Woolnough said in an interview. But production facilities, which account for a third of the division’s employees, may be moved out of Orange County because of rising production costs in the region, he said.