Dawne Hickton has seen the future—and it is old people.
After building a business largely on selling titanium to the U.S. defense industry, Ms. Hickton is turning her sights to health care.
RTI International Metals Inc., RTI +0.07% of which Ms. Hickton is chief executive, last year paid $182 million to buy a medical-device business, gaining access to the market for spinal implants and other products for the nation’s growing numbers of senior citizens. “That’s a future for us—the elderly population,” Ms. Hickton says. “That’s a growing market. We don’t know what the defense market is going to do.”
Ya gotta do what you gotta do. And smaller companies are generally well positioned to move into other markets.
But ask Grumman how well making canoes and postal trucks worked out for them.