Allied chairman to retire

December 03, 1992

Reinald W. Carter, who guided Baltimore-based Allied Research Corp. through a period of rapid growth and a return to profitability, will retire at the end of this year as chairman and chief executive.

Mr. Carter will be succeeded as chief executive by Jay R. Sculley, who has been president and chief operating officer since May, the company said this week. He has been a director since early 1991. The chairman's position will remain vacant, at least temporarily, the firm said.

Dr. Sculley is a graduate of Virginia Military Institute and has a doctorate in engineering from the Johns Hopkins University. He served as assistant secretary of the Army for research, development and acquisition from 1981 through 1989.

Three years ago, when Mr. Carter took over as head of Allied, the company had revenues of less than $50 million and was posting substantial losses. This year, the company expects sales to top $200 million and earnings to surpass last year's.

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