Westinghouse Electric Corporation

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	Company Name	Westinghouse Electric Corporation
	Company Logo	<br /><small>Westinghouse logo (designed by Paul Rand )</small>
	Company Type	Defunct
	Foundation	as Westinghouse Electric & Manufacturing Company ( 1886 )
	Location	Monroeville, PA
	Key People	George Westinghouse , Founder
	Industry	Electronics , etc
	Products

The Westinghouse Electric Corporation was an organization founded by George Westinghouse in 1886 as Westinghouse Electric & Manufacturing Company. The company purchased CBS in 1995 and was renamed '''CBS Corporation''' in 1997 .

George Westinghouse had previously founded the Westinghouse Air Brake Company . Westinghouse Electric received the rights for the first patent for Alternating-current transmission, from Nikola Tesla , and unveiled the technology for lighting in Great Barrington, Massachusetts . The company pioneered long-distance power transmission and high-voltage transmission. In addition to George Westinghouse, engineers working for the company include William Stanley , Nikola Tesla and Oliver Schallenberger . It was historically the rival to General Electric .

TIMELINE OF COMPANY EVOLUTION

1889 - renames itself the ''Westinghouse Electric & Manufacturing Company''

1899 - founds British Westinghouse Electric And Manufacturing Company

1914 - acquires Copeman Electric Stove Company and enters the home appliance market (sold in 1974 to White Consolidated Industries )

1916 - share of British Westinghouse purchased by a British holding company, which becomes Metropolitan-Vickers

1920s - enters the broadcasting industry, with stations like KDKA in Pittsburgh, Pennsylvania

1930s - enters the nuclear age with an industrial Atom Smasher .

1940s - enters aviation with airborne Radar (defense electronics sold 1996 ) and ground based airport lighting.

1945 - renames itself the ''Westinghouse Electric Corporation''.

1950s - enters consumer finance with Westinghouse Credit Corporation

1960s - acquires ThermoKing , begins automated Mass Transit (sold 1988 )

1970s - sells well-known appliance division to White Consolidated Industries which becomes White-Westinghouse

1980s - acquires Cable Television operator TelePrompter (sold 1985 ) and robot maker Unimation ; sells Street Light division to Cooper Lighting and lamp division to Philips .

1994 - sells electric power distribution and control business unit to Eaton Corporation for $1 billion

1995 - buys CBS

1996 - buys Infinity Broadcasting

1996 - sells Westinghouse Electronic Systems defense business to Northrop Grumman for $3 billion, becoming Northrop Grumman Electronic Systems .

1997 - sells most non-broadcast operations; renames itself CBS Corporation

1998 - sells remaining manufacturing asset, its nuclear business, to BNFL who still operates it as Westinghouse Electric Company ; ''now known as CBS Corporation'', creates new subsidiary company called Westinghouse Electric Corporation to manage the Westinghouse Brand

1999 - sold to Viacom, Inc.

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Westinghouse Electric Corporation