War News Updates: To Survive U.S. Defense Companies Are Diversifying And Finding New Markets


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.”

via War News Updates: To Survive U.S. Defense Companies Are Diversifying And Finding New Markets.

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.

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3 Comments

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3 responses to “War News Updates: To Survive U.S. Defense Companies Are Diversifying And Finding New Markets

  1. I never understood Grumman giving up Gulfstream. I understand why they gave up the bug smashers (Lynx, Cheetah and Tiger. All good planes, but not enough were selling). Gulfstream did well from the beginning. Canoes and Postal trucks made absolutely no sense.

  2. LT Rusty

    My family had a Grumman canoe when I was a kid. Heavy as hell, compared to the fiberglass kind that other people had. But I tell you one thing, the Grumman name on it really made me love it.

  3. Grumman canoes outlasted most fiberglass canoes on Ozark and Kansas river floats. They could haul a lot of essential party supplies.