February 7, 1988
Litton division presidents John M. Leonis, Thomas J. McGuigan and Allen E. Powers have been elected corporate vice presidents. Leonis is president of Litton's guidance and control systems division, Woodland Hills. McGuigan is head of Litton Systems Canada Ltd., Ontario. Powers is in charge of Litton's data systems division, Van Nuys. All three divisions are units of Litton's advanced electronic systems group. Litton Industries is based in Beverly Hills.
February 9, 1996 |
Litton Industries to Buy Sperry Marine: Litton, a Woodland Hills-based defense electronics concern, said it agreed to acquire the company in a transaction valued at $160 million. Sperry Marine, located in Charlottesville, Va., makes electronic navigation and guidance systems for ships and planes; it had 1995 sales of about $145 million. Litton said it will issue about 2 million shares of its stock to Sperry Marine's owner--an investor group led by former Navy Secretary John F.
September 22, 1995 |
Litton Names New Chief Operating Officer: Michael R. Brown was also named executive vice president and a director of Litton Industries Inc., a defense electronics and Navy shipbuilding concern based in Woodland Hills. Brown, 54, had been group executive for Litton's electronic warfare systems unit. Litton also said its president and chief executive, John M. Leonis, will be elected chairman. Leonis, 61, will succeed Alton J.
September 12, 1995
Litton Industries Inc., the Woodland Hills defense and electronics concern, reported fourth-quarter and full-year profits following year-earlier losses. In its fiscal fourth quarter ended July 31, Litton earned $38.7 million, compared to a loss of $59 million a year before. Its revenue grew 16%, to $975.1 million from $843.9 million. Litton's fiscal 1995 net income totaled $135 million, while its revenue for the year shrank 4%, to $3.32 billion. In the previous year, the company lost $152.
August 12, 1986 |
Litton Industries named Alton J. Brann to head its Navigation, Guidance & Control Systems group in Woodland Hills. Brann, 44, was previously president of Litton's Guidance & Control Systems division, also in Woodland Hills. The division is a level below the Navigation, Guidance & Control Systems group in Litton's corporate structure. In his new position, Brann replaces Roland O. Peterson, 53, who has moved to another group executive post at Litton's Industrial Products group in Beverly Hills.