Litton Industries [SEP] parent company
Litton Industries
Litton Industries was a large defense contractor in the United States named after inventor Charles Litton, Sr., bought by the Northrop Grumman Corporation in 2001.
History.
Litton started in 1953 as an electronics company building navigation, communications and electronic warfare equipment. They diversified and became a much bigger business, with major shipyards, and manufacturing microwave ovens.
In the early 1990s, Litton Industries split into separate military and commercial companies. The US$2 billion commercial business, which included Litton's oilfield services
Canadian Aero Service Ltd v O'Malley
Canadian Aero Service Ltd v O'Malley, [1974] SCR 592, is a leading civil case decided by the Supreme Court of Canada on corporate director and officer liability.
Facts.
Canadian Aero Service Ltd. ("Canaero") was a company whose main business was topographical mapping and geophysical exploration. O'Malley and Zarzycki were senior officers of Canaero, and, together with Wells, were directors of the company. After the acquisition of Canaero's parent by Litton Industries in 1961, Wells