Word: litton
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...rising costs of labor, energy and raw materials, plus the industry's inability to raise prices fast enough, result in "a return on investment that is too low." Another factor in the reluctance of businessmen to spend more is the still high cost of long-term borrowing. Says Litton Industries Financial Affairs Vice President Joseph T. Casey: "In our spending outlook we pay a lot less attention to the level of future demand than we do to what makes sense at 9% money [the rate on many corporate bond issues] instead...
...effort is imperiled because two of the nation's most important shipbuilders no longer want to produce ships for the U.S. Navy under present contract conditions. Litton Industries, whose Pascagoula, Miss., shipyard is building radically new generations of gas-turbine-powered destroyers and big helicopter assault ships, has petitioned a federal court in Los Angeles for a ruling that in effect would permit the company to halt construction of the assault ships on Aug. 1. Similarly, the giant Newport News shipyard, a subsidiary of Tenneco, has asked a federal court for permission to stop work on a guided-missile...
...long as ten years to engineer their way past the thicket of patents that IBM erected around its invention. Since last summer, however, five companies have entered the single-element field. At least one more is expected. Chief among the rivals is the Royal Typewriter Co., a division of Litton Industries, whose new offering is called the 5000. Other brand names are Remington (a Sperry Rand division), Triumph-Adler (another Litton subsidiary), Italy's Olivetti and Sweden's Facit. A Japanese entry is still to come...
...with an intricate and extremely dexterous jewel robbery, a sequence that Edwards stages with great finesse. The Pink Panther is a priceless jewel, and Clouseau must find out what happened to it. His major suspect-who, needless to say, is probably innocent-is the suave cat burglar Sir Charles Litton (Christopher Plummer), a character amusingly and lovingly modeled on Gary Grant in Hitchcock's To Catch a Thief. Litton must track down the real culprits while Clouseau stalks him. There is little question of ever catching Litton, of course, but the unnatural disasters that Clouseau's pursuit...
...Iran, by far the world's major arms importer, is buying six fast Spruance-class destroyers from the U.S.'s Litton Industries at a cost of $110 million each...