Company Founding
In 1929, Northrop struck out on his own, founding the Avion Corporation, which he was forced to sell to United Aircraft and Transport Corporation in 1930. In 1932, Northrop, backed by Donald Douglas of Douglas Aircraft, founded another company, the Northrop Corporation in El Segundo, California. This company built two highly successful monoplanes, the Northrop Gamma and Northrop Delta.
By 1939 the Northrop Corporation had become a subsidiary of Douglas Aircraft, so Northrop founded another completely independent company of the same name in Hawthorne, California, a site located by Moye Stephens, one of the co-founders.
Read more about this topic: Jack Northrop
Famous quotes containing the words company and/or founding:
“I shall never send for a priest or recite an Act of Contrition in my last moments. I do not mind if I lose my soul for all eternity. If the kind of God exists Who would damn me for not working out a deal with Him, then that is unfortunate. I should not care to spend eternity in the company of such a person.”
—Mary McCarthy (1912–1989)
“The Founding Fathers in their wisdom decided that children were an unnatural strain on parents. So they provided jails called schools, equipped with tortures called an education. School is where you go between when your parents can’t take you and industry can’t take you.”
—John Updike (b. 1932)