In the first half of 2002, Caterpillar posted profit of $280 million or 81 cents per share, the total of sales and revenues of $9.70 billion. More than half of all sales were to customers outside of the United States, maintaining Caterpillar’s status of an international business and leading U.S. exporter. Caterpillar products and components are manufactured in 50 U.S. facilities and in 65 other locations in 23 countries around the globe.
During the year 2001 Caterpillar invested almost $700 million in research and technological development. This allowed for the employees of Caterpillar to receive over 2,800 patents since 1996.
History – Caterpillar
Caterpillar Inc. was founded in 1925 when the Holt Manufacturing Co. and the C. L. Best Tractor Co. merged to form Caterpillar Tractor Co. Caterpillar aimed to be the leader in providing the best value in machines, engines and support services for customers dedicated to building the world’s infrastructure, and developing and transporting its resources.
Fifteen years later in 1940, the Caterpillar product line now included motor graders, blade graders, elevating graders, tractors and electrical generating sets. With the outbreak of World War 2, Caterpillar track-type tractors, motor graders, generators sets, and a special engine for the M4 tank were