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re: EG&G reduces its Govt. business (Fortune Magazine)
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)
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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
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