Rocketdyne
The Rocketdyne Division was founded by North American Aviation (NAA) in 1955, and was later part of Rockwell International (1967-1996) and Boeing (1996-2005). In 2005, the Rocketdyne Division was sold to United Technologies Corporation, becoming Pratt & Whitney Rocketdyne as part of Pratt & Whitney. In 2013, Pratt & Whitney Rocketdyne was sold to GenCorp, which merged it with Aerojet to form Aerojet Rocketdyne.
Henry Earl Singleton
Going into its third decade, Teledyne sales passed the $3 billion mark in 1980, with industrial products leading in both sales and net income. In the race between the U.S. and the Soviet Union, government sales reached almost $800 million. Singleton made the first spin-off of a Teledyne operation in 1984. Teledyne Ecology had been involved in nuclear waste disposal, and some stockholders were concerned. He formed US Ecology, giving each stockholder one share for each seven Teledyne shares held, and allowing disposal of the new stock without reducing their Teledyne holdings. The first significant slump in Teledyne business began in 1985. Sales for 1984 had been about $3.49 billion, but decreased to around $3.26 billion the next year and remained essentially flat for the remainder of the decade.