Subsequently, the company began collecting more than $20 million a year in defense business.
The company said progress on adjusting costs in the defense business should improve its operating results by 1991.
The company's defense business will be sold to the Raytheon Company for about $9.5 billion.
On the other hand, it's probably less than 10 percent of Grumman's defense business.
He moved up through a series of jobs in the company's defense business to head its military contracting operations from 1975 to 1981.
We're accustomed to the cyclical nature of the defense business.
In 1997, its defense business was sold to Raytheon.
At the beginning of this decade, 15 major companies competed for defense business.
"They've got really nice growth in their defense business."
"Diverting the best talent and money away from defense will not get you any more defense business."
