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...Harold S. Geneen, 49, resigned as executive vice president of Raytheon Co. to become president and chief executive officer of International Telephone & Telegraph Corp., succeeding Edmond...

Author: /time Magazine | Title: PERSONNEL: Changes of the Week, Jun. 1, 1959 | 6/1/1959 | See Source »

Leavey, who will serve as chairman until his retirement in July. Geneen's resignation came as a surprise to Raytheon President Charles Francis Adams and a shock to Wall Street. Geneen simply walked into Adams' office and announced: "I'm resigning." Company insiders say Geneen wanted Adams' spot as chief executive, realized that Adams was not about to yield. Geneen's resignation sent Raytheon's stock down 6½ points, touching off a wave of selling of other electronic issues. Reason: in his three years with Raytheon, Geneen, who came from a top post...

Author: /time Magazine | Title: PERSONNEL: Changes of the Week, Jun. 1, 1959 | 6/1/1959 | See Source »

...heart of Raytheon's projected system is an "Amplitron" tube, a chunky object 2 ft. high. The tube transmits as much as 25 h.p. on a beam of 10 cm. waves shot into the air by a dish antenna. A nest of these tubes can be focused at a point about 50,000 ft. up. Some of the beams' energy will wander off into space, but Raytheon scientists believe that a saucer-shaped receiver can capture 35% to 50%. Turned into heat, this energy could drive a gas turbine which would drive the helicopter blades...

Author: /time Magazine | Title: Science: Station in the Sky | 5/25/1959 | See Source »

Conferring with helicopter people, Raytheon's scientists concluded that a sky station will have to leave the earth under ordinary chemical power and buzz its way up to the spot where the power beams come to a focus. Then its microwave-fueled engine will take over. Test prototypes will carry a human crew, but later models will be automatic. Once they have been maneuvered into the focal spot, they will be kept there by electronic devices which sense when they are beginning to drift out of it. If the supporting beam fails, the station will drift down gently, supported...

Author: /time Magazine | Title: Science: Station in the Sky | 5/25/1959 | See Source »

...Though Raytheon has not put even a model sky station into the air so far, the Air Force is already discussing a preliminary contract. Sky stations could support search radars to watch for aircraft around the curve of the earth. A chain of them acting as microwave repeaters could carry TV programs and telephone conversations across continents and oceans. Fitted with big glass bulbs filled with neon or xenon gas, which glows red or blue when microwaves pass through it, they could serve as stratospheric lighthouses to guide aircraft flying above the clouds...

Author: /time Magazine | Title: Science: Station in the Sky | 5/25/1959 | See Source »

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