Word: ramos
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Dates: during 1960-1969
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...growing debate over research, U.S. businessmen are sharply divided. Some major defense contractors, such as Thompson Ramo Wooldridge Vice Chairman Simon Ramo, argue that the romantic challenge of space and missilery is likely to produce a broad base of research that will eventually benefit U.S. business. But many businessmen find themselves agreeing with President Kennedy, who admitted in his economic report to the nation this year: "We have paid a price by sharply limiting the scarce scientific and engineering resources available to the civilian sectors of the American economy...
...into nose cones, but the manufacturer, Corning Glass Works, denies it. Moreover, "fallout" seems to be shrinking as defense gear becomes increasingly esoteric. "Complexity breeds specialization-you find out everything there is to know about a progressively smaller area-and that is almost the opposite of invention," says Thompson Ramo Wooldridge Vice President Simon ("Si") Ramo, who bossed the original Atlas ICBM program...
...Thompson Ramo Wooldridge, once all space work, has diversified so that it is now half auto and aircraft parts. It is prime contractor on the Orbiting Geophysical Observatory...
Some of the growth spectaculars had run into competition. The transistor field has become crowded, and price cutting is rampant-with the result that early starting Texas Instruments is off more than 100 from its May 1960 peak of 256¼, while Thompson Ramo-Wooldridge has slumped from last February's 82⅜ to 57. FarringtonManu-facturing.whichclimbed to 57 on the merits of its optical scanner, is down to 13 now that competitors have similar machines. By contrast, companies that are well diversified or solidly backlogged with defense contracts are holding up well. Litton Industries is close to its historic...
...what risk all this? Well, admits Ramo: "Occasionally, a transistor burning out in Kansas City may accidentally wipe out the fortune of someone in Philadelphia...