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From: Wayne Busse <wings@sky.net> Date: Tue, 8 Jul 1997 19:05:27 -0800 Subject: re: EG&G reduces its Govt. business (Fortune Magazine) |
This blurb from Fortune Magazine is only partially accurate, and at that, the information is several years old. The founder of EG&G, Dr. Harold Edgerton, invented the strobelite in the 1930's. Today's thyratrons, krytrons and military qualified detonators were offshoots of this technology, and not the other way around. Since EG&G was handling many phases of nuclear testing for the DOE, it was a major loss when the administration imposed a moratorium at the Nevada Test Site. This is not to say that EG&G is out of the federal pocket at all. In fact, nearly every department of the government is supported by or does business with EG&G or a subsidiary. The EG&G presence can still be found at many military bases in California, Arizona, New Mexico, Nevada and Utah. EG&G is truly a global conglomerate, but don't look for it to vacate the government trough anytime soon. Where there's secret work to be done, EG&G will probably be there, and they can keep a secret. More on EG&G at: http://www.sky.net/~wings/profile.htm http://www.sky.net/~wings/egg.htm >From a June 8 article in Fortune Magazine at: >http://www.pathfinder.com/fortune/1997/970609/eco.html >In 1987 at Wellesley, Massachusetts-based EG&G, for >example, about 70% of revenues came from defense contracts for such >things as nuclear weapons components. As military expenditures >dropped, EG&G exited those businesses and concentrated on developing >products for commercial applications. In one case, EG&G turned >military technology into an improved kind of flash bulb; it now makes >all the flash lamps on Kodak disposable cameras and 60% of Fuji's. >Today government work accounts for only 30% of EG&G's business. Wayne Busse wings@sky.net
Index: http://www.ufomind.com/area51/org/egg/
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