Word: litton
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...Tomifobia River and the border runs through it. Two companies are housed in the building: an American corporation buying American raw materials and turning out products for American customers; a Canadian corporation turning Canadian materials into Canadian products. Both are called the Union-Butterfield Division, which belongs to Litton Industrial Products, Inc. in the U.S., and to Litton Business Systems of Canada, Ltd. on the other side. No machinery, materials or goods can cross the borderline in the center of the building-carefully marked by wall plaques and dabs of red paint-unless the appropriate customs service is notified...
...military sales contracts with Iran had been canceled by mutual agreement as a result of the continuing strife in the country and spreading Iranian hostility to U.S. weapons sales. The disclosure, which affects some of the nation's largest defense suppliers, including General Dynamics, McDonnell Douglas, Boeing, Litton Industries and Textron's Bell Helicopter division, was shock enough. But even as businessmen wondered if additional deals were about to collapse, Energy Secretary James Schlesinger brought up an even gloomier subject: the increasing chances for an outright oil shortage. He warned of the looming squeeze in some...
...their lowest point in many decades. The Navy, in fact, has been slapped with claims demanding $2.7 billion in payment for cost overruns by the nation's major shipbuilders?General Dynamics' Electric Boat Division, Tenneco's Newport News Shipbuilding and Dry Dock Co., and the Ingalls Shipbuilding Division of Litton Industries...
There is another potential winner. For Fred Sullivan, 63, the red-haired and compulsively energetic chairman of Walter Kidde, the sale of U.S. Lines completes an eight-year saga of frustration and expensive litigation. Sullivan, a Litton Industries alumnus who ran the conglomerate with Founders Tex Thornton and Roy Ash, has built Kidde from a sleepy outfit into a diversified firm (cranes, safety equipment, sporting goods, etc.) with 1977 sales of $1.5 billion and profits of $56.7 million. But the acquisition of U.S. Lines in 1969 for $104 million in cash and stock was, Sullivan admits, a grave mistake...
That Hearnes was even running was the result of a tragedy: the attractive, popular Democratic primary winner, Rep. Jerry Litton, died with his family in the crash of a small plane carrying them to a victory celebration. As a fillin, Hearnes, who had been a distant second in the primary, looked like a loser from the start. He had only about $151,000 in campaign funds for the battle with Danforth, who spent $600,000. Forced to scrimp, Hearnes served as his own campaign manager, advance man, and even driver...