History
AAI Corporation originated as Aircraft Armaments, Inc. in August 1950 by six aviation and defense industry professionals.
In the late 1950s, the company was renamed AAI Corporation. AAI’s parent company, United Industrial Corporation (UIC), was originally founded as Hayes Body Corporation in the early 1900s. Renamed many years later, UIC was admitted into the New York Stock Exchange for trading on December 15, 1964.
From 1994 to 2004, AAI partnered with the Czech firm, Škoda, in a joint venture to manufacture trolley buses. The company was named Electric Transit, Inc. and supplied 330 trolley buses to San Francisco and Dayton before being dissolved in 2004.
On 22 June 2006 Aerosonde Ltd was acquired by AAI.
In 2007, Textron acquired AAI and related companies valued at approximately $1.1 billion.
Today, AAI owns or occupies more than 1,100,000 square feet (100,000 m2) of office and manufacturing space across Australia, the United Kingdom and the USA.
Read more about this topic: AAI Corporation
Famous quotes containing the word history:
“Both place and time were changed, and I dwelt nearer to those parts of the universe and to those eras in history which had most attracted me.”
—Henry David Thoreau (1817–1862)
“In nature, all is useful, all is beautiful. It is therefore beautiful, because it is alive, moving, reproductive; it is therefore useful, because it is symmetrical and fair. Beauty will not come at the call of a legislature, nor will it repeat in England or America its history in Greece. It will come, as always, unannounced, and spring up between the feet of brave and earnest men.”
—Ralph Waldo Emerson (1803–1882)
“Boys forget what their country means by just reading “the land of the free” in history books. Then they get to be men, they forget even more. Liberty’s too precious a thing to be buried in books.”
—Sidney Buchman (1902–1975)