Corporations: Into the $1 Billion Club

Few U.S. companies have grown so big so fast as California's Litton Industries, which started in 1953 as a small maker of radar microwave tubes and has swelled into a 45-division giant focused on science and new technologies. In its 98 U.S. and 43 overseas plants, Litton today makes more than 5,000 products, from nuclear attack submarines to office furniture, employs 63,000 people. Last week it announced record sales of $914 million for fiscal 1965 (up 33% from last year), declared a 2-for-l split of its stock and a 21% stock dividend,...

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