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:
“Jesus Christ belonged to the true race of the prophets. He saw with an open eye the mystery of the soul. Drawn by its severe harmony, ravished with its beauty, he lived in it, and had his being there. Alone in all history he estimated the greatness of man.”
—Ralph Waldo Emerson (1803–1882)
“The history of medicine is the history of the unusual.”
—Robert M. Fresco, and Jack Arnold. Prof. Gerald Deemer (Leo G. Carroll)
“Anything in history or nature that can be described as changing steadily can be seen as heading toward catastrophe.”
—Susan Sontag (b. 1933)