- Lear Siegler
Lear Siegler Incorporated was created as a result of a merger between the
Siegler Corporation (Los Angeles ) and Lear Avionics Inc. (Santa Monica ) that was concluded in 1961.John G. Brooks was the founder; President and Chairman of Siegler andWilliam Lear was the founder; President and Chairman at Lear. The merger was based on Brooks' goal of growing Siegler into one of the first conglomerates (with a focus on aerospace markets) and Lear’s goal of divesting his ownership interest in Lear to pursue development of hisLearjet corporate aircraft (the first pure jet private aircraft).History
During the late 1950s and throughout the 1960s and 1970s America and Southern California in particular was experiencing an unprecedented boom in Aviation Technology and Aerospace research and development, based on a "Space race" inaugurated by the launch of
Sputnik , a simple but startling first in a long history of scientific and technological competition between the United States and theUSSR .The resulting corporation leveraged its new expertise in controls, instruments and navigation systems into a steadily increasing share of government and general aviation contracts for research and development as well as system delivery. Notable innovations include inertial guidance systems, "hands off" landing systems, the telemetry and navigational instrumentation for the Apollo Moon missions, and the flight controls for the
Lockheed L-1011 commercial aircraft.The business climate was strongly influenced by the political undercurrent that accelerated when Sputnik was launched and amplified when President
John F. Kennedy set as a national goal putting an American astronaut on the Moon by the end of the decade of the 1960s. This goal, based on an unprecedented effort by the combined resources of the American aerospace Industry, was achieved in 1969.By 1970 LSI had 56 divisions in 17 countries operating in six major business areas--commercial products, fabricated products, avionics, power equipment, systems and services, and real estate. Keys to the company's growth and performance were product diversification; balanced growth, where internal growth matches growth by acquisition; a favorable sales ratio between non-government and government business; a formalized, in-depth planning program; and emphasis on management development. Sales had skyrocketed from $6.5 million at its inception to over $600 million by the close of 1969. Government / Aerospace accounted for 65% of its volume.
In its expansion Lear Siegler had acquired Bangor Punta, which was an early conglomerate manufacturing
Piper Aircraft , multiple brands of sailboats,Smith and Wesson firearms and other well known brands. In March 2002, Lear Siegler was acquired byEG&G Defense Materials Inc. In August 2002, EG&G was acquired byURS Corp. [http://www.urscorp.com/EGG_Division/lsi/index.php]ee also
ADM-3A An early LSI terminal.References
*Planning for Growth and Profit: The Success Story of Lear Siegler, Inc, Newcomen Society (1970) ASIN: B000K5P39I
*Fifty times around the sun: History of Lear-Siegler, Smiths Defense Systems North America, by Gordon L Olson, Public History Services (1994) ASIN: B0006QR4UW
*They Said It Couldn't Be Done:: The Incredible Story of Bill Lear, by Victor Boesen, Doubleday & Company (1971)
*Stormy Genius: The Life of Aviation's Maverick Bill Lear by Richard L. Rashke, Houghton Mifflin 1985, ISBN-10: 0395353726
External links
* [http://maben.homeip.net/static/S100/learSiegler/index.html Marcus Bennett's Lear Siegler Terminal Documentation resource]
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