Word: litton
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Dates: during 1950-1959
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...eccentric, erratic Howard Hughes. Thornton quit Hughes Aircraft in the same big blowup of Hughesmen (TIME, Oct. 5, 1953) that sent Simon Ramo and Dean Wooldridge off to start their own famed Ramo-Wooldridge Corp. With Thornton went Roy L. Ash, Hughes Aircraft's assistant controller and now Litton...
...Litton products have already gone far round the free world. In Turkey, a probing Litton radar antenna reportedly keeps tabs on Soviet missile firings. Across the far north of Canada and Alaska, Litton klystron tubes generate radar beams for the Distant Early Warning line. At almost every sizable U.S. airport, Litton antennas help control flights; in universities, Litton digital desk computers solve calculus jawbreakers. Litton claims to be the nation's biggest seller of desk calculating machines, the broadest supplier of TV replacement transformers (more than 900 different models), one of the two largest makers (along with American Bosch...
Battle for Brains. With Lehman-raised cash, Thornton and associates bought Litton, then a small microwave-tube outfit that had supplied Hughes with its best magnetrons, i.e., vacuum tubes that emit radar impulses. During the next 15 months, Litton used stock and cash to pick up half a dozen little-known firms making computers, printed circuits, servomechanisms, communications and navigation equipment. When Litton bought Digital Controls Systems Inc. in 1954, it also got brilliant Research Scientist George Steele; Steele heads Litton's work on lightweight computers that make up to 15,000 calculations per second for a plane...
Battle for Survival. So fast did Thornton collect companies that many a competitor called Litton a house of cards, figured it would collapse under the blow of the recession. Yet Litton kept right on expanding. Early this year Litton merged with New Jersey's Monroe Calculating Machine Co. (sales: $40 million) because
Thornton figures that Litton's talents fit in perfectly with the electronic changes that are revolutionizing the business-machine field...