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Bolt, Beranek And Newman
Raytheon BBN (originally Bolt Beranek and Newman Inc.) is an American research and development company, based next to Fresh Pond in Cambridge, Massachusetts, United States. In 1966, the Franklin Institute awarded the firm the Frank P. Brown Medal, in 1999 BBN received the IEEE Corporate Innovation Recognition, and on 1 February 2013, BBN was awarded the National Medal of Technology and Innovation, the highest honors that the U.S. government bestows upon scientists, engineers and inventors, by President Barack Obama. It became a wholly owned subsidiary of Raytheon in 2009. History BBN has its roots in an initial partnership formed on 15 October 1948 between Leo Beranek and Richard Bolt, professors at the Massachusetts Institute of Technology. Bolt had won a commission to be an acoustic consultant for the new United Nations permanent headquarters to be built in New York City. Realizing the magnitude of the project at hand, Bolt had pulled in his MIT colleague Beranek for h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
