Litton Industries

Litton Industries, Inc., was an American defense contractor that specialized in shipbuilding, aerospace, electronic components, and information technology.

[1] It was founded in 1953 by American business executive Charles Bates "Tex" Thornton alongside his associates Roy Ash and Hugh Jamieson.

'[1] In 1954, with a loan from the Lehman Brothers, Thornton acquired the vacuum tube producer 'Litton Industries Inc' from its founder Charles Litton Sr. for $1.5 million[2] and subsequently adopted its name.

[1] Although Litton Industries lacked capital in the beginning, Thornton thought that the U.S. Department of Defense would need more sophisticated weapons and that the demand for another large electronics company would increase.

During the late 1950s and early 1960s, 50% of Litton's business was with the U.S. Government; besides calculators, they were also producing inertial guidance systems for aircraft, potentiometers, duplexers, etc.

The US$2 billion commercial business, which included Litton's oilfield services, business, and automated assembly line operations, was named Western Atlas, Inc.[2] In 1998, Litton Industries bought TASC, Inc.[6] In 2000, TASC sold three stand-alone commercial operations: Adesso Software, WSI (Weather Services International) Corporation[7] and Emerge.