Ferranti-Packard  Ferranti-Packard Ltd. was the Canadian division of Ferranti's global manufacturing empire, formed by the 1958 merger of Ferranti Electric and Packard Electric. For several years in the post-war era, the company underwent dramatic expansion and repeatedly almost became a major computer supplier, but eventually shed various divisions and returned to becoming an electrical grid supplier once again. The company was purchased in 1998 by the Austrian company, VA TECH. On July 23, 2005 Siemens PTD purchased VA Tech’s Transmission and Distribution Division (T&D) group for transformers and switchgear. Packard Electric had first been set up in 1894 in order to supply transformers during the Niagara Falls hydroelectric developments. Ferranti Canada had first been set up in 1912, acting primarily as a sales and distribution arm for their British designed electrical products. Prior to World War II, Canada's economy was primarily agricultural. While this allowed it to raise a fairly large army with relative ease, it also meant that it was unable to arm itself. C.D. Howe, Minister of Armaments, started an ambitious plan to heavily industrialize the country, turning it almost overnight into what is today a G8 nation. Canada had entered World War II completely unprepared, and in the post-war era decided they would not allow this to happen again. However, as the art of war turned increasingly technical, it was clear that Canada did not have the wherewithal to support a full program of research on its own. In 1947, the Defense Research Board (DRB) was formed, and sent out a letter outlining their ideas for sharing research between the armed forces, industry and academia. The letter made its way to the desk of Vincent Ziani de Ferranti, the then-current CEO of the family-held British company. At the time, Ferranti in the UK was involved in a similar commercial/academic development project with Manchester University to build the Manchester Mark 1 computer, so it seemed that their Canadian division would naturally be able to do the same. In October 1948, he flew to Canada to meet with the DRB. He was disappointed to learn that the DRB did not have the financial resources to fund any sort of program, but Ferranti remained interested, even though it appeared the only way to work with the DRB would be for free. Just such a project started soon after, when word of the Ferranti meeting reached Lt Jim Belyea, a researcher in the Royal Canadian Navy's electrical labs (Electrical Engineer-in-Chief's Directorate).