Word: litton
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...kids, Charles Bates Thornton stands out as a wonder. He was an Air Force colonel at 28, the planning director of Ford Motor Co. at 32, the operating boss of Hughes Aircraft at 35. Now-at 45-he heads one of the fastest-growing electronics makers: Beverly Hills' Litton Industries. In five years under Thornton, Litton's yearly sales have risen from $3,000,000 to $83 million, are expected to top $110 million in the twelve months ending next July. Last week "Tex" Thornton was ready to bite off another chunk of the market. He said that...
MERGER TALKS are going on between Beverly Hills' Litton Industries, Inc., fast-growing maker of electronic equipment (TIME, April 29), and Underwood Corp. (1956 operating loss: $3,571,420), which recently talked merger with National Cash Register...
...Litton Industries was started in 1953 by Charles B. ("Tex") Thornton, a onetime Hughes Aircraft Co. executive who left with Ramo and Wooldridge. Backed by Lehman Bros, and other investment bankers, he bought going companies for their products and talent. Today, with 16 small firms in its fold, Litton makes radar tubes, printed circuits, high-quality transformers (780 models), typewriter-sized computers selling for $12,000, dozens of other electronic gizmos. Sales in 1954: $3,000,000. In 1956: $15 million, with $25 million estimated for 1957. Litton's stock, which sold for $10.50 two years ago, now trades...
...create a chunk of space on earth, California's Litton Industries Inc. has developed a vacuum chamber big enough to hold a man. The device can simulate conditions some 200 miles above the earth, where air molecules wander around as individual particles, not as a gas. Wearing a space suit, a scientist eventually will enter the vacuum and experiment with such puzzling problems as the behavior of lubricants in space, and the reaction of a model satellite, minus a protective cushion of air, to sunlight. X rays and ultraviolet rays beamed in through portholes in the chamber...