Word: ramos
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Dates: during 1960-1969
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...tend to argue against anyone making one." He disagrees with the contention that it is cheaper and easier for the offense to stay ahead of the defense. Defensive technology has reached the point, Brennan maintains, where it requires equal effort for the offense to keep pace. To this, Simon Ramo, vice chairman of the billion-dollar-a-year TRW electronics company, replies that with "one-tenth of the budget of ABM, thick or thin, I could wreck the system...
...Goodbody & Co. took a trailblazing step toward the obvious remedy: more automation. It put into operation a new electronic system to speed the reporting of buy and sell orders from the floor of the Big Board and the American Exchange to its own back offices. Manufactured by the Bunker-Ramo Corp., the new equipment resembles a miniature television receiver mounted on a small adding machine. It enables floor clerks to send the details of every transaction to the offices at a rate of 110 characters per second, more than ten times faster than the tele typewriter it replaces...
...inexorable attack on long-neglected urban problems comes, the cost will be staggering. Alcoa Chairman Frederick J. Close last week ventured a price tag of $100 billion to clean U.S. skies and rivers, rebuild cities, unsnarl traffic, educate the young and re-educate the old. Vice Chairman Simon Ramo of TRW Inc. puts the cost ten times higher, or $1 trillion...
...Close In. TRW as it now exists was put together in 1958, but its parent company, Thompson Products, a leading auto-parts maker, dates back to 1901. In 1953, a pair of brilliant, Caltech-educated scientists, Simon Ramo and Dean Wooldridge, left Hughes Aircraft Co. and, with the Thompson firm's financial backing, founded their own company. Winning a contract for the systems engineering and technical direction of the Air Force's intercontinental ballistics missile program, Ramo-Wooldridge (TIME cover, April 29, 1957) quickly became one of the U.S.'s most respected "think factories." Its eventual merger...
...diversified as it has become, TRW refuses to consider itself a conglomerate for the simple reason that its product lines are so compatible. With main facilities still divided between Cleveland (Thompson) and Los Angeles (Ramo-Wooldridge), the company manufactures automobile parts (pistons, valves, fuel pumps) and aircraft components (turbine wheels, hydraulic pumps) in the East, turns out most of its aerospace and electronic gear in the West. The tidy mix brings TRW 56% of its sales from commercial and industrial customers, 44% from Government contracts...