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Chevron completed the sale of GA Technologies.

October 02, 1986

The La Jolla-based company was purchased for $50 million by a group of Denver-based companies controlled by brothers Neal and Linden Blue. Chevron, which took over GA Technologies as part of its 1984 acquisition of Gulf Corp., sold the high-technology research center as part of a debt reduction program. GA Technologies, which relies heavily on federal government research contracts, reported revenue of $154.5 million in 1985. It has about 1,250 employees.

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