Fairchild Industries was created from a name change from Fairchild Hiller Corporation, division and subsidiaries: Fairchild Aircraft Marketing Company, Fairchild Aircraft Services Division, Fairchild Republic Division, Fairchild Space and Electronics Division, Fairchild Stratos Division, Burns Aero Seat Company, Inc., Fairchild Arms International, Ltd., Fairchild Aviation (Asia) Ltd., Fairchild Aviation (Holland) N.V., Fairchild-Germantown Development Company, Inc. and S.J. Industries, Inc. Prior to 1971 Fairchild Industries was a term used to include many of the companies of its founder Sherman Mills Fairchild.
The successor corporation is now the Fairchild Corporation. Most of the assets of the original Fairchild Industries Inc. have been sold and the company has a new focus. The last major asset sold was Fairchild Fasteners, a Sherman Fairchild company, which was sold to Alcoa for 657 Million on December 3, 2002 and is now called Alcoa Fasteners. In the summer of 2006, the Fairchild Corporation sold a shopping mall they had built on the Republic Airport property of Fairchild Hiller for 95 Million. They still own property at Republic Airport from Fairchild Hiller.
Famous quotes containing the word industries:
“All industries are brought under the control of such people [film producers] by Capitalism. If the capitalists let themselves be seduced from their pursuit of profits to the enchantments of art, they would be bankrupt before they knew where they were. You cannot combine the pursuit of money with the pursuit of art.”
—George Bernard Shaw (1856–1950)