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ESCO Technologies history
ESCO Technologies company history timeline
When the fiscal year came to a close in September 1991, the company posted a net loss of $67.4 million, much of it related to charges taken for contract cancellations and cost overruns.
Despite the Persian Gulf War, military budgets continued to decline, leading to steady layoffs at Esco in 1991.
In October 1992 Adorjan resigned to return to Emerson, where he took over as president.
Hazeltine was sold to GEC-Marconi Electronics Systems Corporation for $110 million in cash in July 1996.
As a result, defense work fell to about 70 percent of total revenues in fiscal 1996.
In keeping with its new focus, Esco changed its name to ESCO Technologies, Inc., in 2000.
In 2000, VACCO acquired the space and select aircraft operations of Eaton/Consolidated Controls (El Segundo, CA) to increase business volume and capacity of the aerospace product line.
Deslog, Rick, “Moore, Richey Grow Pared-Down Esco,” St Louis Business Journal, April 8, 2002.
He assumed the chairmanship as well in April 2003 when Moore retired as planned.
Wall Street approved of the moves, as the price of Esco stock improved about 80 percent over the course of fiscal 2004.
In November 2005, Esco acquired Nexus Energy Software, Inc., for $28.5 million, adding energy data management software to the company’s meter reading systems.
"ESCO Technologies Inc. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/esco-technologies-inc
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ESCO Technologies competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| ETS-Lindgren | 1995 | $45.3M | 537 | 5 |
| II-VI | 1971 | $4.7B | 22,961 | 194 |
| CommScope | 1976 | $4.2B | 30,000 | 172 |
| RF Industries | 1979 | $57.4M | 281 | - |
| KVH Industries | 1982 | $113.8M | 600 | 1 |
| JMA Wireless | 2012 | $20.0M | 459 | 8 |
| Atk | 2014 | $30.0M | 500 | 6 |
| VIcom | 2001 | $80.9M | 2 | - |
| Clover Wireless | - | $3.7B | 400 | - |
| Radio Frequency Systems, Inc. | 1972 | $180.0M | 550 | - |
ESCO Technologies history FAQs
Zippia gives an in-depth look into the details of ESCO Technologies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about ESCO Technologies. The employee data is based on information from people who have self-reported their past or current employments at ESCO Technologies. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by ESCO Technologies. The data presented on this page does not represent the view of ESCO Technologies and its employees or that of Zippia.
ESCO Technologies may also be known as or be related to ESCO TECHNOLOGIES INC, ESCO Technologies, ESCO Technologies Inc, ESCO Technologies Inc., ESCO Technologies, Inc., Esco Technologies Inc. and Esco Technologies LLC.