The story
Founded by George Westinghouse on Jan 8, 1886, in Pittsburgh.1
History
Beginnings
Westinghouse Electric was founded by George Westinghouse in Pittsburgh, Pennsylvania, on January 8, 1886. Building on the advancement of AC technology in Europe, the firm became active in developing alternating current (AC) electric infrastructure throughout the United States. The company's largest factories were located in East Pittsburgh, Pennsylvania, Lester, Pennsylvania and Hamilton, Ontario, where they made turbines, generators, motors, and switch gear for the generation, transmission, and use of electricity. In addition to George Westinghouse, early engineers working for the company included Frank Conrad, Benjamin Garver Lamme, Bertha Lamme (first woman mechanical engineer in the United States), Oliver B. Shallenberger, William Stanley, Nikola Tesla, Stephen Timoshenko, and Vladimir Zworykin.
Early on, Westinghouse was a rival to Thomas Edison's electric company. In 1892, Edison was merged with Westinghouse's chief AC rival, the Thomson-Houston Electric Company, making an even bigger competitor, General Electric.
During the 20th century, Westinghouse engineers and scientists were granted more than 28,000 U.S. patents, the third most of any company. Westinghouse Electric & Manufacturing Company changed its name to Westinghouse Electric Corporation in 1945.
1990s
In 1990, Westinghouse experienced a serious setback when the corporation lost over one billion dollars due to bad high-risk, high-fee, high-interest loans made by its Westinghouse Credit Corporation lending arm.
In an attempt to revitalize the corporation, the board of directors appointed outside management in the form of CEO Michael H. Jordan, who brought in numerous consultants to help re-engineer the company to realize the potential that they saw in the broadcasting industry. Westinghouse reduced the workforce in many of its traditional industrial operations and made further acquisitions in broadcasting to add to its already substantial Group W network, including Infinity Broadcasting, TNN, CMT, American Radio Systems, and rights to NFL broadcasting. These investments cost the company over fifteen billion dollars. To recoup its costs, Westinghouse sold many other operations, including its defense electronics division, its metering and load control division (which was sold to ABB), its residential security division, the office furniture company Knoll, and Thermo King.
Westinghouse purchased CBS Inc. in 1994 for $5.4 billion. Westinghouse Electric Corporation changed its name to and became the original CBS Corporation in 1997. Also in 1997, the Power Generation Business Unit, headquartered in Orlando, Florida, was sold to Siemens of Germany. A year later, CBS sold all of its commercial nuclear power businesses to British Nuclear Fuels Limited (BNFL). In connection with that sale, certain rights to use the Westinghouse trademarks were granted to the newly formed BNFL subsidiary, Westinghouse Electric Company. That company was sold to Toshiba in 2006.
Timeline of company evolution
1880s
1884 – George Westinghouse begins developing a DC electric lighting system
1885 – Westinghouse becomes aware of the new European transformer based alternating current systems when he reads about them in the UK technical journal Engineering
Read the full text
1885 – William Stanley, Jr., working for Westinghouse, develops the first practical AC transformer
1886 – Westinghouse Electric Company founded in East Pittsburgh
1886 – William Stanley, Jr. installs the world's first operational transformer based multiple voltage transmission system, a demonstration lighting system in Great Barrington, Massachusetts
1888 – development of an induction ampere-hour meter for alternating current developed by Oliver B. Shallenberger
1888 – licensing of Nikola Tesla's AC and Induction motor patents (Tesla was hired for one year as a consultant, but he quit after a few months)
1889 – renames itself the Westinghouse Electric & Manufacturing Company
1890s
1891 – built world's first industrial AC system (Ames Hydroelectric Generating Plant)
1893 – supplied electric lights and power for World's Columbian Exposition and generators for Gettysburg Electric Railway
1893 – hired Bertha Lamme Feicht, the company's first female engineer
1894 – transportation Division (rail equipment) founded
1895 – installed hydropower AC generators at Adams Power Plant, Niagara Falls which supplied power to Buffalo, New York, completed 1896
1898 – purchases Walker Mfg. Co of Cleveland, establishing main facility and plant in Cleveland which produces power-transmitting machinery, cable railway networks, castings and lighting
1899 – founded British Westinghouse Electric and Manufacturing Company
1900s to 1920s
1901 – acquires Bryant Electric Company of Bridgeport, Connecticut, which continues operation as a subsidiary
1901 – operation of first Westinghouse steam turbine generator installed at Hartford Electric Light Co.
1904 – with Baldwin, markets Baldwin-Westinghouse electric locomotives and AC electrification of railroads, particularly to the New Haven Railroad
1909 – introduces continuous-filament tungsten light bulb; ousts George Westinghouse as chairman during bankruptcy reorganization
1914 – acquires Copeman Electric Stove Company in Flint, Michigan from Lloyd Groff Copeman, moves it to Mansfield, Ohio and enters the home appliance market (sold in 1974 to White Consolidated Industries)
1914 – George Westinghouse dies, with a legacy including 361 patents and the founding of 60 companies
1915 – New England Westinghouse Company opens for business, first product is Mosin–Nagant rifles for the Russian Czar's army; within two years, the Bolsheviks cancel a previous order of over 1 million rifles after overthrowing the Russian Provisional Government, and facing bankruptcy, Westinghouse is rescued by the American Government when it purchases the rifles for use by the military
1917 – share of British Westinghouse purchased by a British holding company, which becomes Metropolitan-Vickers
1917 – builds steam turbine manufacturing plant in Lester, PA (Tinicum Township) near the Philadelphia airport
1919 – 8XE Pittsburgh experimental station goes on the air
1919 – creates RCA with GE, AT&T and United Fruit, buys the American division of Marconi
1920 – acquires International Radio Telegraph Company (formerly known as the National Electric Signaling Company)
1921 – acquires the Pittsburg High Voltage Insulator Company
1920s – enters the broadcasting industry, with stations like KDKA in Pittsburgh, Pennsylvania and WBZ in Springfield, Massachusetts, later moving to Boston.
1926 – in partnership with GE and RCA founds NBC Broadcasting
1930s and 1940s
1932 – announces Ignitron mercury-arc rectifier
1934 – opens its Home of Tomorrow in Mansfield, Ohio, to demonstrate Westinghouse home appliances
1935 – completes longest continuous electric steel annealing furnace in the world at Ford Motor Company, Dearborn, Michigan
1930s – funds invention of the magnetohydrodynamic generator
1937 – builds first "industrial atom smasher", a 5 MeV Van de Graaff electrostatic nuclear accelerator
1940s – enters aviation with airborne radar (defense electronics sold 1996), jet engine propulsion, and ground-based airport lighting, gets defense contract from U.S. military to produce plastic helmet liners for the M1 Helmet
1941 – after years of resistance to the unionization efforts of its employees and to the National Labor Relations Act, signs a national labor agreement with the United Electrical, Radio and Machine Workers of America after a United States Supreme Court decision that upheld the Act
1943 – purchased the lamp division of Kentucky-Radio Corporation (Ken-Rad) in Owensboro, Kentucky from Roy Burlew in exchange for 35,000 shares of Westinghouse stock valued at $1.6 million ($29.8 million todaywhen?)
1945 – renames itself the Westinghouse Electric Corporation and makes first automatic elevator
1945 – Westinghouse Aviation Gas Turbine Division (AGT) started
1948 – "You Can Be Sure... If It's Westinghouse" in Time magazine ad
1950s to 1970s
1951 – conducts first live network TV in U.S.
1952 – opens Cathode Ray Tube facility in Horseheads, New York; facility housed three divisions: Cathode Ray Tube, Electronic Tube, and Industrial and Government Tube
1954 – enters finance as Westinghouse Credit Corporation
1955 – buys KDKA-TV (then WDTV) in Pittsburgh and KYW-TV (then WNBK, now WKYC) and KYW Radio (originally, and currently WTAM) along with KYW-FM (then WTAM-FM, currently WMJI) in Cleveland; KYW is now licensed to a TV and AM radio station in Philadelphia
1955 – Westinghouse J40 engine failure causes all F3H fighters using the engine to be grounded, and all other jets using it switch to other engines; Westinghouse is forced out of aircraft engine business
1957 – introduces first successful "cobra head" roadway luminaire, the OV-25, integrating both ballast and optics in a more streamlined modern design
1961 – acquires Thermo King (sold in 1997 to Ingersoll Rand)
1964 – begins Skybus project; beginning of automated mass transit
1965 – invention of the first MEMS device, buys Marketeer Electronic Vehicles
1966 – founds Cinema Center Films
1966 – starts housing and real estate development divisions
1966 – buys a toy manufacturer
1967 – lights America's first computer-controlled outdoor electric sign
1967 – makes the lowest bid for the BART project
1969 – buys 7 Up bottling
1973 – develops world's first AMLCD displays
1974 – sells well-known home appliance division to White Consolidated Industries, which becomes White-Westinghouse
1979 – withdraws from all oil related projects in the Middle East after Iranian Revolution
1980s
1981 – acquires both cable television operator TelePrompter (sold 1985), Muzak (sold September 1986), and 50% of Showtime for $576 million
1982 – acquires robot maker Unimation
1982 – sells street light division to Cooper Lighting
1983 – sells electric lamp division to Philips
1984 – buys Unimation robotics for $105 million
1986 – buys Los Angeles TV station
1986 – enters into joint venture with Airship Industries, Ltd. (London) to develop advanced lighter-than-air radar platforms and early warning surveillance airship for U.S. Navy in cooperation with its subsidiary TCOM Corp. located on the former Naval Air Station Weeksville in Elizabeth City, North Carolina
1987 – buys radio stations in Sacramento and Chicago
1987 – buys electrical equipment, engineering and waste disposal divisions
1988 – sells elevator/escalator division to Schindler Group, now known as Schindler Elevator Corporation
1988 – enters into joint venture with Taiwan Electric to build electric motors; Taiwan Electric eventually becomes sole owner of business as TECO Motor Company
1988 – spins Industrial and Government Tube Division off as Imaging and Sensing Technologies Corporation
1988 – closes the East Pittsburgh generator and Lester, PA turbine plants, which had once been the primary Westinghouse manufacturing facilities
1988 – Bryant Electric subsidiary closed, assets sold to Hubbell in 1991
1988 – Transportation Division, including railroad (locomotive and mass transit) equipment business sold to AEG, later merged into Adtranz in 1996, Bombardier Transportation in 2001, and Alstom in 2021
1989 – sells transmission and distribution business (including their watthour meter business) to ASEA Brown Boveri Group (ABB)
1989 – buys Shaw-Walker Furniture and Reff Furniture
1989 – buys Legacy Broadcasting
1990s to 2020s
1990 – buys Knoll International Furniture
1994 – buys United Technologies' Norden electronic systems
1994 – Cleveland operations and facilities purchased by Eaton Corporation for $1.6 billion; Cleveland Westinghouse facilities, as well as manufacturing plants converted into other commercial enterprises
1994–95 – separates IT and phone service sales into Westinghouse Communications division
1995 – under the leadership of Michael H. Jordan buys CBS for $5.4 billion ($11.4 billion today)
1996 – buys Infinity Broadcasting for $4.7 billion
1996 – sells Westinghouse Electronic Systems defense business to Northrop Grumman for $3 billion ($6.2 billion today), becoming Northrop Grumman Electronic Systems
1997 – sells Thermo King division to Ingersoll Rand
1997 – buys American Radio Systems for $2.6 billion, increasing station network to 175
1997 – sells most non-broadcast operations; renames itself CBS Corporation as of December 1
1997 – sells its non-nuclear power generation and energy units to Siemens, which operated under the name Siemens Westinghouse until 2003
1998 – CBS Corporation creates Westinghouse Licensing Corporation subsidiary to manage the Westinghouse brand
1999 – sells remaining manufacturing asset, its nuclear energy business, to BNFL
1999 – buys Outdoor Systems for $8.7 billion and King World Productions for $2.5 billion
2000 – CBS acquired by Viacom
2005 – Viacom is split into two companies in January, with a new Viacom being spun off of the old Viacom company, and the old Viacom being renamed as CBS Corporation, thus reviving Westinghouse's last name prior to sale, and reversing the 2000 Viacom-CBS merger
2019 – Viacom and CBS Corporation remerge to form Paramount Global (known as ViacomCBS until 2022)
2021 – Westinghouse Electric Corporation acquires the Westinghouse trademarks from ViacomCBS
2025 – Paramount Global and majority owner National Amusements merged with Skydance Media to form Paramount Skydance Corporation
From Wikipedia’s article on Westinghouse Electric Corporation, shared under CC BY-SA 4.0.3