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HRB Systems
HRB Systems Inc., now part of Raytheon Intelligence and Information Systems, is a defense contractor located in State College, Pennsylvania. History This company was started by three scientists: Haller, Raymond, and Brown. Initially, the firm provided imagery support, then transitioned to signal analysis and processing. The company was acquired by Singer, and became known as HRB-Singer, one of the firms in the Singer Defense Systems Group, dealing with infrared reconnaissance techniques and equipments. It was physically located on the East side of Science Park Road, in State College. The company had a strong internal R&D effort which was quite successful. HRB-Singer provided signal processing equipment and expertise to the US Department of Defense and to international clients in Europe and Asia. In 1988, Singer sold off the Defense unit to corporate raider Paul Bilzerian, who sold each of the companies separately. HRB division was sold to Hadson Corporation for $137 million ...
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Raytheon
Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization. In addition, it is one of the largest providers of intelligence services. Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government. The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. UTC is the nominal survivor of the merger but it changed its name to Raytheon Techn ...
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Defense Contractor
The arms industry, also known as the arms trade, is a global industry which manufactures and sells weapons and military technology. It consists of a commercial industry involved in the research and development, engineering, production, and servicing of military material, equipment, and facilities. Arms-producing companies, also referred to as arms dealers, or as the military industry, produce arms for the armed forces of states and for civilians. Departments of government also operate in the arms industry, buying and selling weapons, munitions and other military items. An arsenal is a place where arms and ammunition - whether privately or publicly owned - are made, maintained and repaired, stored, or issued, in any combination. Products of the arms industry include guns, artillery, ammunition, missiles, military aircraft, military vehicles, ships, electronic systems, military communications, night-vision devices, holographic weapon sights, laser rangefinders, laser s ...
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State College, Pennsylvania
State College is a home rule municipality in Centre County in the Commonwealth of Pennsylvania. It is a college town, dominated economically, culturally and demographically by the presence of the University Park campus of the Pennsylvania State University (Penn State). State College is the largest designated borough in Pennsylvania. It is the principal borough of the six municipalities that make up the State College area, the largest settlement in Centre County and one of the principal cities of the greater State College-DuBois Combined Statistical Area with a combined population of 236,577 as of the 2010 U.S. census. In the 2010 census, the borough population was 42,034 with approximately 105,000 living in the borough plus the surrounding townships often referred to locally as the "Centre Region". Many of these Centre Region communities also carry a "State College, PA" address although they are not part of the borough of State College. "Happy Valley" and "Lion Country" ...
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Corporate Raid
In business, a corporate raid is the process of buying a large stake in a corporation and then using shareholder voting rights to require the company to undertake novel measures designed to increase the share value, generally in opposition to the desires and practices of the corporation's current management. The measures might include replacing top executives, downsizing operations, or liquidating the company. Corporate raids were particularly common between the 1970s and the 1990s in the United States. By the end of the 1980s, management of many large publicly traded corporations had adopted legal countermeasures designed to thwart potential hostile takeovers and corporate raids, including poison pills, golden parachutes, and increases in debt levels on the company's balance sheet. In later years, some corporate raiding practices have been used by " activist shareholders", who purchase equity stakes in a corporation to influence its board of directors and put public pressure ...
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Paul Bilzerian
Paul Alec Bilzerian ( hy, Փօլ Պիլզերեան, born 1950) is an American businessman and corporate takeover specialist. Education and family Bilzerian was born in Miami, Florida but grew up in Worcester, Massachusetts in an Armenian American family. His father, a civil servant, and his mother later divorced, leading to troubled teenage years for Bilzerian; he would later describe himself as a "juvenile delinquent". Called into the principal's office of his high school one day in 1968 for violating the dress code by wearing blue jeans, Bilzerian responded by dropping out of school. However, after serving in the Vietnam War and earning a Vietnamese Gallantry Cross, Bronze Star Medal, and Army Commendation Medal, he went to college and earned a Bachelor of Arts with Honors in Political Science and graduated With Distinction from Stanford University in 1975. Bilzerian entered Harvard Business School that same year. He was unsure about his choice to attend, having passed on ...
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E-Systems
Raytheon Intelligence, Information, and Services (RIIS or IIS) is a business unit of Raytheon Company headquartered in Dulles, Virginia. IIS specializes in intelligence, surveillance, and reconnaissance, advanced cybersecurity solutions; weather and environmental solutions, and information-based solutions for homeland security. The company also provides training, logistics, engineering, product support, and operational support services and solutions for mission support, homeland security, space, civil aviation, counter-proliferation , and counter-terrorism markets. Dave Wajsgras is the President of IIS. History Originally founded as LTV Electro Systems in the mid-1960s, the company changed its name to E-Systems in the early 1970s. In 1995, Raytheon Company acquired E-Systems, Inc., a Texas-based company that designed, developed, produced, and serviced high-technology systems including surveillance, verification, and aircraft ground-land navigation equipment. The company also deve ...
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Nirmal Bose
Nirmal Bose (died November 23, 2009) was a professor in the Pennsylvania State University Electrical Engineering Department, from 1986 until his death. Before joining the Penn State faculty, he taught at Syracuse University and the University of Pittsburgh. Bose was a world-renowned expert in multidimensional signals and systems theory. He investigated high resolution reconstructions of blurred and noisy images, and processing of noisy images. Nirmal Bose has been internationally recognized for his scientific papers and books including ''Applied Multidimensional Systems Theory'', and ''Digital Filters: Theory and Applications''. He coauthored the texts ''Multidimensional Systems: Progress, Directions and Open Problems'', ''Neural Networks Fundamentals: with Graphs, Algorithms, and Applications'', and ''Multidimensional Systems Theory and Applications''.N. K. Bose, Bruno Buchberger and J. P. Guiver, "Multidimensional systems theory and applications", Springer, 2003. . Bose was ...
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Pennsylvania State University
The Pennsylvania State University (Penn State or PSU) is a public state-related land-grant research university with campuses and facilities throughout Pennsylvania. Founded in 1855 as the Farmers' High School of Pennsylvania, Penn State became the state's only land-grant university in 1863. Today, Penn State is a major research university which conducts teaching, research, and public service. Its instructional mission includes undergraduate, graduate, professional and continuing education offered through resident instruction and online delivery. The University Park campus has been labeled one of the " Public Ivies", a publicly funded university considered as providing a quality of education comparable to those of the Ivy League. In addition to its land-grant designation, it also participates in the sea-grant, space-grant, and sun-grant research consortia; it is one of only four such universities (along with Cornell University, Oregon State University, and University of Hawa ...
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Companies Based In Centre County, Pennsylvania
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incorporation (business), incorporation, or published policy. When a company closes, it may need to be Liquidation, liquidated to avoid further legal obligations. Companies may associate and collectively register themselves ...
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Raytheon Company
The Raytheon Company was a major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons and military and commercial electronics. It was previously involved in corporate and special-mission aircraft until early 2007. Raytheon was the world's largest producer of guided missiles. In April 2020, the company merged with United Technologies Corporation to form Raytheon Technologies. Established in 1922, the company reincorporated in 1928 and adopted its present name in 1959. During 2018, the company had around 67,000 employees worldwide and annual revenues of approximately US$25.35 billion. More than 90% of Raytheon's revenues were obtained from military contracts and, as of 2012, it was the fifth-largest military contractor in the world. , it was the third largest defense contractor in the United States by defense revenue. In 2003, Raytheon's headquarters moved from Lexington, Massachusetts, to Waltham, Massachusetts. The company had pr ...
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