Racal Electronics plc was a British electronics company that was founded in 1950. Listed on the London Stock Exchange and once a constituent of the FTSE 100 Index, Racal was a diversified company, offering products including voice recorders and data recorders, point of sale terminals, laboratory instruments and military electronics, including radio and radar. At its height, Racal was the third largest British electronics firm; it operated worldwide and employed over 30,000 people. £1,000 invested in Racal in 1961 would have been worth £14.5million in 2000.
Racal Electronics plc was a British electronics company that was founded in 1950. Listed on the London Stock Exchange and once a constituent of the FTSE 100 Index, Racal was a diversified company, offering products including voice recorders and data recorders, point of sale terminals, laboratory instruments and military electronics, including radio and radar. At its height, Racal was the third largest British electronics firm; it operated worldwide and employed over 30,000 people. £1,000 invested in Racal in 1961 would have been worth £14.5million in 2000.
Originally established as Racal Ltd in 1950, the company name originated from the names of the partners, Raymond Brown and George Calder Cunningham. One key early employee was Ernest Harrison; originally employed as an accountant, he became chairman of Racal in 1966 and would continue in this role thought to 2000. During Harrison's tenure, numerous major deals were completed, including the negotiation of a British Army battlefield radio contract (initially Larkspur, later part of Clansman) which allegedly secured the future of Racal, the merger of Racal and British Communications Corporation (bolstering Racal's radio business), the purchase of Decca Radar in 1980 despite competition from rival firm GEC, the acquisition of British Rail Telecommunications network (to form the basis of Racal Telecom), and its investment into National Lottery company Camelot Group.
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