Headquartered in Beverly Hills, California, the original name of the company was 'Electro Dynamics Corporation.' In 1954, with a loan from the Lehman Brothers, Thornton acquired the vacuum tube producer 'Litton Industries Inc' from its founder Charles Litton Sr. It was founded in 1953 by American business executive Charles Bates "Tex" Thornton alongside his associates Roy Ash and Hugh Jamieson. They diversified and became a much bigger business, with major shipyards, and manufacturing microwave ovens. Litton Industries was originally established as an electronics company building navigation, communications and electronic warfare equipment. The company was purchased by Northrop Grumman in 2001. The company continued to shrink after the ending of the Cold War and by the late 1990s was a corporate takeover target. Like many conglomerates, the company suffered significant declines in the 1970s, selling off many of its unrelated brands and had largely returned to its defense roots by the 1980s. At its peak, in addition to many defense-related companies, it also owned both Royal Typewriters and Adler, Moffat major appliances, Stouffer's frozen foods, and various office equipment and furniture companies.
Litton Industries was a large defense contractor in the United States named after inventor Charles Litton Sr.ĭuring the 1960s, the company began acquiring many unrelated firms and became one of the largest conglomerates in the United States. Defense contractor in the United States Litton Industries
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