Systems history

Sales for 1965 were almost $81 million, with net earnings of $2.1 million.

In 1969, a Memcor plant and most of the assets of Continental Electronics Manufacturing Company were sold because of low profits.

LTV Electrosystems acquired American Standard Inc.'s Melpar Division in 1970 and established a new Commercial Services Division in Greenville to perform heavy structural modification and maintenance for the airlines.

In 1971 LTV Electrosystems acquired Hamilton Watch Company's Electronics division and established a new domestic international sales company known as Electrosystems Export Company.

In 1973, the company formed its Aircraft Systems Group through consolidation of its Greenville and Donaldson divisions and the newly acquired Serv-Air, Inc.

In 1974, the Memcor Division became the basis for the newly formed Production Electronics Group.

In 1976, the company formed an Energy Technology Center for research on developing practical uses for solar energy.

The Commercial Division was established in 1978, and merged with the TelSatCom Division the following year.

Around 1980, things took a turn for the worse at AMS. According to Rossotti, the company's strategy became unfocused.

E-Systems began its participation in the automation of air traffic control in 1981 with the development and production of the Flight Service Automation System (FSAS) for the Federal Aviation Administration.

In 1982 the company reorganized in order to shift focus back to its areas of expertise.

E-Systems had record sales of $827 million in 1983 and booked new orders amounting to more than $900 million.

The company substantially increased its research and development budget in 1984, concentrating heavily on defense electronics; electronic warfare; and command, control and communications.

In 1985, the Army terminated for default two contracts with Memcor totaling about $19 million.

In 1986, for the first time in its history, E-Systems had sales of more than $1 billion.

Dixon stepped down in 1987 to become Chairman Emeritus, and was succeeded by David R. Tacke.

In early 1988, the federal government informed E-Systems that it was initiating a criminal investigation to determine whether the company had violated any procurement regulations associated with the cancelled contracts.

Tacke served as head of the company only until spring 1989, when E. Gene Keiffer, the former president and chief operating officer became chair and CEO of E-Systems.

In 1990, E-Systems entered into TELOS, a joint venture with German partners formed for the operational maintenance and logistics support of EGRETT aircraft programs.

In 1991, AMS managed to perform well in the face of adversity.

By the end of 1992, AMS was clearly one of the best-performing high-tech firms around.

In 1993, as the Cold War ended and eastern and western Germany became unified, Germany announced a freeze on defense contracts, a move that affected profits at E-Systems.

In July 1994, AMS announced that it was awarded a $20 million contract by Swedish cellular phone company Telia Mobitel for a billing and customer management system.

In 1995, due to the rapid rise of Internet commercialization, the company saw a marked increase in internal growth.

In 2000, the company changed its name to Graysmark Business Systems and expanded its field of expertise into web hosting and design.

Founded in 2004, CFO Systems was named on the Inc.

In 2008, the company incorporated into a limited liability company, changing its official name to Graysmark Business Systems, LLC. Additionally, the company added VoIP consulting and PBX integration to its growing suite of service offerings.