Word: litton
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...annual per-capita G.N.P. of only $530 and ranks as one of Europe's least-developed areas. Hoping to change that situation at long last, the Greek government has now turned to a more modern type of hero for a helping hand: California's versatile Litton Industries...
...hopes will be more productive waters. The Gulf of Mexico is one possibility. Gulf menhaden, a separate species, is still abundant. Another possibility is the fishing beds off Nova Scotia and Newfound land, where herring runs plentifully and can be used as a substitute for menhaden. In fact, Litton Industries and W. R. Grace see a potential boom in herring, and have teamed up with the Newfoundland government to test new fishing and processing techniques...
Since the Mexican government began encouraging "border manufacturing" little more than a year ago, 34 U.S. companies have come on down. In and around honky-tonk Tijuana, 17 miles from San Diego, more than a dozen new plants have sprouted to produce such things as magnetic memory cores for Litton Industries and power transistors for Fairchild Camera. Factories in Mexicali make integrated circuits for Raytheon and motor parts for Western Gear. In Nuevo Laredo, southwest of Laredo, Texas, Mexican workers are doing everything from making electronics parts for Transitron Electronic Corp. to sorting supermarket "cents-off" coupons...
...style recovery. After losing $25 million on its auto operations, Studebaker shut down its South Bend, Ind., plants in 1963, has since come back as a profitable maker of appliances, electric generators and other products. Wall Street has been full of speculation about possible A.M.C. merger partners-among them Litton, Kaiser, International Harvester and Sears, Roebuck...
Though the merger was no pushover for Litton-Stouffer's board rejected Litton's first offer last year-it seems sure that when the Cleveland company's shareholders meet within 90 days, they will agree to the proposal. Certainly Vernon Stouffer, after 43 years in the business, will not be dismayed when Litton Chairman Tex Thornton and his West Coasters take over. He will stay on as chairman, but only last year his family bought the Cleveland Indians, and, he says, "I'm looking forward to spending more time at the ballpark...