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William Halligan, one of Deutschmann's first employees and later the founder of Hallicrafters, suggested the name, “Radio Shack”. They chose the name, "Radio Shack," which was a term for the room that housed a ship's radio equipment.
They chose the name "Radio Shack", which was the term for a small, wooden structure that housed a ship's radio equipment. The Deutschmanns thought the name was appropriate for a store that would supply the needs of radio officers aboard ships, as well as hams (amateur radio operators).
Halligan left West Point after two years to marry Katherine Fletcher, and the couple settled in Boston. A first professional taste of radio came in 1923, when Halligan became a sales manager for the Tobe Deutschmann Corporation, then a major manufacturer of radio parts.
In 1924 he became sales manager for his old friend Toby Deutschmann, who was distributing imported radio parts to American radio manufacturers. By 1928, Toby's business was booming. Bill decided to strike out on his own as a manufactures' representative, selling parts directly to the radio makers.
The company was founded by William J. Halligan and based in Chicago, Illinois, United States. In 1966 Halligan sold the company to the Northrop Corporation and Halligan family involvement ended.
The company name was derived from Halligan handcrafters. By the late 1930s, Hallicrafters was one of the most popular amateur radio manufacturers. The company was sold to the Northrop Corporation in 1966, and production was re-oriented for defense manufacturing purposes.
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Apr 1, 2021 · Technically speaking, the Halligan family actually lost their majority ownership of Hallicrafters for a brief period from 1956 to 1958, selling out to the Penn Texas Corporation in exchange for $6 million in Penn Texas stock.
