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EFJohnson history
EFJohnson company history timeline
Demand for military radios kept Johnson busy through World War II. The company was a leading producer of amateur and CB radios after the war, introducing its first "ham" radio, the Viking, in 1949.
1949 Johnson introduces its Viking amateur radio.
1977 Johnson loses $19 million in one year as cheap CB radios from Japan flood United States market.
1978 Transcrypt International is founded in Lincoln, Nebraska.
Revenues were about $60 million in 1981, and E.F. Johnson was able to post a profit of almost $5 million.
"Western Union Says It Is Mulling the Sale of E.F. Johnson Unit," Wall Street Journal, December 5, 1984.
In 1986, it relocated its headquarters from Waseca to Minneapolis, home of its new corporate parent, DEI.
1990 Arkansas utility Arkla acquires E.F. Johnson through merger with Diversified Energies.
In 1991, Transcrypt was acquired by an investment group led by John Connor.
Transcrypt's revenues were $8 million by 1995 and growing rapidly.
Unfortunately, EFJ was soon in financial trouble again. It posted a loss of $26.5 million on revenues of $79.3 million in 1996.
The company went public on the NASDAQ (ticker symbol: TRII) in January 1997.
Transcrypt Purchase of E.F. Johnson in 1997
Taylor, John, "CEO of Lincoln, Neb.-Based Maker of Scrambling Equipment Resigns," Knight Ridder/Tribune Business News, June 8, 1998.
1998 Johnson's LTR-Net is introduced.
Leibs, Anthony, "Transcrypt Could Decode Own Sale," Mergers & Acquisitions Report, August 9, 1999.
"Lincoln, Neb.-Based Technology Services Firm Reorganizes Radio Unit," Knight Ridder/Tribune Business News, February 17, 2000.
New York fire and police departments responding to the September 11, 2001, terrorist attacks on the United States found their efforts hindered by the inability of different radio systems to work with each other.
2002 Transcrypt International is renamed EFJ, Inc.; headquarters are moved to Washington, D.C.
Larson, Virgil, "EFJ Inc. to Close Waseca, Minn., Two-Way Radio Plant," Omaha World-Herald, April 16, 2004.
Profits rose to $10 million on revenues of $80.9 million in 2004.
A secondary public offering in September 2005 raised $48 million, mostly from institutional investors.
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EFJohnson competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Technical Communications | 1961 | $7.0M | 22 | - |
| APEX Communications | 2000 | $14.0M | 70 | - |
| COMSAT | 1962 | $31.0M | 1,000 | - |
| ETSI | 1988 | $1.4M | 50 | - |
| Ascom Timeplex | - | $50.0M | 150 | 3 |
| Tellabs | 1974 | $1.1B | 1,290 | 2 |
| Scientific Atlanta | 1951 | $1.9B | 9,784 | - |
| Carrier Access Corporation | 2003 | - | 200 | 3 |
| MCNC | 1980 | $50.0M | 144 | 4 |
| PowerFleet | 1993 | $135.2M | 160 | - |
EFJohnson history FAQs
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