Robert Whitehead - Whitehead & Co.

Whitehead & Co.

Though the product was promising, the torpedo did not produce profits for Stabilimento Tecnico di Fiume, which went bankrupt in 1873. In 1875, Whitehead reorganized the company as Torpedo-Fabrik von Robert Whitehead - later Whitehead & Co., Societa in Azioni.

When Whitehead retired, the Whitehead family sold the company to two large British armaments companies, Vickers and Armstrong-Whitworth. Thus the company remained under British control until the First World War.