![]() AMP improved and expanded its plant space and began a more ambitious research and development effort. The company thereafter raised additional capital through share offerings. Expanding through sales-led growth rather than by acquisition, Aircraft Marine added subsidiaries in Australia, Britain, the Netherlands, Italy, Japan, Mexico, and West Germany during the 1950s.Īircraft Marine changed its name to AMP Incorporated upon incorporation as a public company in 1956. During 1952 the company created a marketing unit called AMP Special Industries and established sales of existing products, and the introduction of connectors for pin and sockets, coaxial cables, and printed circuits resulted in unprecedented growth. Whitaker was bitter after the company's experience with military contracts and procurement controls.Īircraft Marine reentered the commercial market with another new product, the strip-formed terminal. It was able to survive the sudden drop in orders through drastic austerity measures and additional underwriting from Midland Investment Company, its primary benefactor. Still, the transition was stressful for Aircraft Marine. Aircraft Marine, however, needed little product conversion in order to adapt to the postwar economy, because its connections were versatile components rather than more specialized finished products. Many of Aircraft Marine's customers went bankrupt, were acquired, or were forced into mergers in general they were compelled to reduce the scale of their operations drastically. industry saw lucrative contracts terminate with the end of the war. A fire at the Glen Rock plant and the trauma of relocation overshadowed the introduction of the preinsulated terminal, an improved version of AMP's existing product that left all but the terminal ring exposed-an improvement that reduced the incidence of shorted circuits. It then moved its headquarters to Harrisburg in 1943, after winning over the city's chamber of commerce, which did not want new business in the city, complaining about inadequate housing. With its business thriving from war production, Aircraft Marine soon moved to a larger facility in Glen Rock, Pennsylvania. More than ever before, warplanes, battleships, and field equipment incorporated electrical devices, and increasingly these were assembled with solderless connections. Companies such as Boeing, Consolidated Vultee, Ford, and Electric Boat redirected their production toward the war effort, developing new products and accelerating output. Less than three months after the company was created, the United States entered World War II. It was simple, unique, and very popular.įrom a small office in New Jersey, Aircraft Marine established supply contracts with some of the largest industrial manufacturers in the world. The device allowed electricians to make quick, removable wire connections without a heating element or flux. Aircraft Marine Products, as the company was called, specialized in solderless, uninsulated electrical connections for aircraft and boat manufacturers: a short metal tube with a ring on the end and a crimping tool. In 1941, after two years as a senior engineer for American Machine & Foundry in New York, Whitaker decided to start his own company. Whitaker, a former employee of Westinghouse Electric and the Hoover Company who held degrees in mechanical and electrical engineering and law. More recently AMP has turned to acquisitions as an additional growth generator, starting with small moves but eventually embarking on the major 1995 acquisition of M/A Com Inc., a deal that also moved AMP into the area of wireless interconnection components-one of several industries related to AMP's core products that AMP expanded into during the 1980s and 1990s. ![]() Boasting more than 100,000 types and sizes of products in its line and a reputation for dependable customer service and high quality, AMP has long enjoyed steady growth through heavy research and development spending and aggressive global expansion. SICs: 3678 Electronic Connectors 3643 Current-Carrying Wiring DevicesĪMP Incorporated is the world leader in electrical and electronic connection devices and interconnection systems, claiming 19 percent of the $19 billion worldwide interconnections market. Stock Exchanges: New York Boston Cincinnati Midwest Pacific Philadelphia
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