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:
“... in a history of spiritual rupture, a social compact built on fantasy and collective secrets, poetry becomes more necessary than ever: it keeps the underground aquifers flowing; it is the liquid voice that can wear through stone.”
—Adrienne Rich (b. 1929)
“The history of all countries shows that the working class exclusively by its own effort is able to develop only trade-union consciousness.”
—Vladimir Ilyich Lenin (1870–1924)
“History has neither the venerableness of antiquity, nor the freshness of the modern. It does as if it would go to the beginning of things, which natural history might with reason assume to do; but consider the Universal History, and then tell us,—when did burdock and plantain sprout first?”
—Henry David Thoreau (1817–1862)