History
In 1959 the Military Division of Westinghouse Canada developed a stabilized camera mount for the Canadian Defense Research Establishment. The product was named WESSCAM - Westinghouse Steered Stabilized Camera Mount.
In 1974 WESCAM Inventor, Nox Leavitt, purchased the lab equipment and patents from Westinghouse and founded Istec Limited, Isolation Stabilization Technologies. The company had 17 employees and generated approximately $1 million in revenue. It experienced substantial expansion through internal growth and strategic acquisitions. This brought complementary technologies into the company and broadened its intellectual capability and market share.
In 1994 Istec changed its name to Wescam and in 1995 Wescam went Public on the Toronto Stock Exchange.
In 2002 L-3 Communications acquired Wescam. L-3 WESCAM has built a worldwide reputation for its technology and service among the multi-markets it serves. The Company has won many prestigious awards including an Academy award, and close to 20 Emmy’s for technical excellence and personal achievement. As part of L-3 Communications, Wescam has expanded its presence in the U.S., and increased its base of products and service offerings to customers.
Read more about this topic: Wescam
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