Word: raytheon
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Laucer, who took advantage of the speakers program to have lunch with Thomas Phillips, chairman of the board of Raytheon Corporation said that "the most interesting part was listening to [Philips] experience and background and why he thinks he is successful...
...complex organization. In other cases, the entrepreneur gets in trouble and must get help from professional managers. Centronics Data Computer Corp., a New Hampshire maker of computer printers founded by Robert Howard in 1968, ran into financial problems in 1980. Managinto financial problems in 1980. Managers from Xerox and Raytheon were brought in to help. Losses ran to $24.5 million on sales of $123.9 million from June 1980 to June 1981. The company has signed an agreement with Control Data that could bring in $25 million in new cash, and Howard may be forced to step down as chairman...
Massachusetts ranks sixth among states receiving defense contracts. Raytheon and General Electric, the two largest private employers in Massachusetts, build missiles, nuclear arms, sophisticated equipment, and a host of other war-related products. This economic dependency on military sends local prices soaring: As President Carter's inflation fighter, Alfred Kahn, noted. "It (military spending) puts money into the hands of workers without expanding the supply of goods they can buy. There is no consumer market for missiles, thereby driving up the prices of goods like autos and refrigerators and machine tools." In terms of individual spending power, Massachusetts ranks...
...maker that could benefit from the iffy Stealth bomber project, dropped from $42 in May to $21 per share. Other defense issues that were off sharply: General Dynamics, down from $33 to $25; Martin Marietta ($68 to $51); United Technologies ($59 to $44); McDonnell Douglas ($37 to $30); and Raytheon ($49 to $40). Among energy stocks, Cities Service, a strong gainer only a short time earlier as a result of takeover and merger talk, lost $20 per share in three weeks and sank to $46. Marathon, another favorite among oil stocks, skidded from $80 to $62 in four weeks...
...energy-scarce, tension-riddled 1980s: oil, defense and high technology. With petroleum prices once again rising, Exxon shares leaped to an alltime high of $87.75, while Royal Dutch Petroleum, another big gainer, rose to a record $111.50 a share but lost a few points at week's end. Raytheon, a major defense contractor whose stock has nearly doubled in value during the year, closed the week...