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Nichols Research history
Nichols Research company history timeline
In 1976, Nichols won its first DoD contract, as well as subcontracts with six prime defense contractors engaged in the growing strategic defense area.
Nichols Research Corporation was founded by former McDonnel Douglas employees Chris Horgen and Roy Nichols in 1976.
The late Mimi Nichols, after the success of a potato chip focus group in her living room — with clients viewing from the kitchen, established Nichols Research, Inc. in 1978.
By 1986, the company's revenues had grown to $28 million, and Nichols posted net earnings of $1.34 million.
Nichols went public in 1987 after a year that saw the company's revenues jump by 38 percent.
In 1990, the company placed nearly $500 million in contract bids, and its revenues swelled to $75 million, providing a net income of $3.8 million.
Despite its strong defense performance, boosting revenues to $159 million in 1993, Nichols was already making plans to move the company into the civilian and commercial arena, particularly by leveraging its I/T experience into contracts for commercial computer services.
Nichols followed that acquisition with that of Computer Services Corporation, based in Birmingham, Alabama, in 1995, adding that company's base of health care information services.
In June 1996, the company purchased Advanced Marine Enterprises, Inc., a maker of advanced simulation and virtual reality technology for naval and marine applications.
Nichols announced its intention to purchase the rest of TXEN in June 1997.
And, with a backlog of $1 billion in contracts and another $500 million in options as well as plans to make more than $1 billion in new bids in its 1997 fiscal year, Nichols's growth seemed certain to continue beyond the turn of the century.
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Nichols Research may also be known as or be related to Nichols Research and Nichols Research Corp.