Westinghouse Electric (1886)
The Westinghouse Electric Corporation was an American manufacturing company. It was founded on January 8, 1886, as Westinghouse Electric Company. Later it was renamed the Westinghouse Electric Corporation. They helped to bring electricity to homes and businesses across the United States.
Westinghouse was a diversified company. It was involved in a wide variety of products and services. The company had a number of firsts. It produced the first jet engine in the United States and the first nuclear power plant. It also developed the first U.S. radar station (used at Pearl Harbor). In the late 1980s a number of bad business decisions caused the company to decline. After selling off most of its manufacturing divisions, Westinghouse Electric took the name of one of its subsidiaries, CBS, which it bought in 1995.
References[change | change source]
- Richard Moran, Executioner's Current: Thomas Edison, George Westinghouse, and the Invention of the Electric Chair (New York: Vintage Books, 2003), pp. 225–26
- B. Rajesh Kumar, Mega Mergers and Acquisitions: Case Studies from Key Industries (Houndmills, Basingstoke, Hampshire; New York: Palgrave Macmillan, 2012), p. 148