NOTICE: The page below has been permenently FROZEN as of January 2000. Due to resource limitations, this section of our website is no longer maintained, so some links may not work and some information may be out of date. We have retained this page for archive reference only, and we cannot vouch for its accuracy. Broken links will not be repaired, and minor errors will not be corrected. You are responsible for independently verifying any information you may find here.

NOTE: Former webmaster Glenn Campbell has two new websites, active in 2007: FamilyCourtChronicles.com and RoamingPhotos.com. Check them out!

EG&G Reduces its Government Business (Fortune Magazine)

From a June 8 article in Fortune Magazine at:
http://www.pathfinder.com/fortune/1997/970609/eco.html

-----
And finally there's the "peace dividend." The economy seems to be
benefiting from the end of the Cold War at last: Only 3.2% of the
nation's gross domestic product is expected to be spent on the
military this year, down from the Reagan buildup high of 6.1% in 1987.
That's released millions of workers and billions of dollars for more
productive uses. In 1987 at Wellesley, Massachusetts-based EG&G, for
example, about 70% of revenues came from defense contracts for such
things as nuclear weapons components. As military expenditures
dropped, EG&G exited those businesses and concentrated on developing
products for commercial applications. In one case, EG&G turned
military technology into an improved kind of flash bulb; it now makes
all the flash lamps on Kodak disposable cameras and 60% of Fuji's.
Today government work accounts for only 30% of EG&G's business.
-----

[Via hvdp@worldonline.nl]


http://www.ufomind.com/area51/org/egg/