Sperry Corporation - 1981 dated Stock Certificate
Inv# GS6345 Stock
New York
Stock printed by Security-Columbian United States Banknote Corporation. Sperry Corporation was a major American equipment and electronics company whose existence spanned more than seven decades of the 20th century. Sperry ceased to exist in 1986 following a prolonged hostile takeover bid engineered by Burroughs Corporation, which merged the combined operation under the new name Unisys. Some of Sperry's former divisions became part of Honeywell, Lockheed Martin, Raytheon Technologies, and Northrop Grumman. The company is best known as the developer of the artificial horizon and a wide variety of other gyroscope-based aviation instruments like autopilots, bombsights, analog ballistics computers and gyro gunsights. In the post-WWII era the company branched out into electronics, both aviation-related, and later, computers.
The company was founded by Elmer Ambrose Sperry. The company was founded in 1910 by Elmer Ambrose Sperry as the Sperry Gyroscope Company, to manufacture navigation equipment—chiefly his own inventions the marine gyrostabilizer and the gyrocompass—at 40 Flatbush Avenue Extension in Downtown Brooklyn. During World War I the company diversified into aircraft components including bomb sights and fire control systems. In their early decades, Sperry Gyroscope and related companies were concentrated on Long Island, New York, especially in Nassau County. Over the years, it diversified to other locations. Read more at https://en.wikipedia.org/wiki/Sperry_Corporation
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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