International Electric Corporation
International Electric Corporation or IEC as it is more commonly known, was founded in 1974 by the Murchison family. Over the next three and a half decades, it would become a literal household name, with a wide array of consumer home products. Everybody’s kitchen had at least one IEC product sitting on the counter.
Like most companies, IEC was hit hard during the crash of 2010. CEO Howard Murchison did his best over the next four years trying to keep the company afloat, but is was slowly sinking. In 2014, he agreed to sell his controlling interest in the company to a german firm called Berlin Industrial Investment Group. The move was quite sudden, as he had mentioned this to no one prior to the deal. No one would ever know why, because shortly after signing off on the deal, he was killed in a car accident.
The Berlin Group infused IEC with much needed cash, allowing it to not only survive through the slow recovery, but also greatly expand and thrive. Today, consumer home products only makes up a portion of what IEC does. They have extensive military contracts making component systems. They don’t make fighter or tanks, but make the engines that power them. They don’t make missles, but make the guidance systems that steer them. Most military grade electronics are at least partially made by IEC.
They are also involved in heavy industry, owning steel and aluminium production plants and ship millions of dollars worth of raw materials everyday. They also invest heavily in metallurgical and polymer research. They are also at the forefront of nuclear fusion research.
IEC manufactures cybernetics for both the military and civilian markets, although this is one area where IEC has failed to dominate, mostly due to stiff competition from the Japanese.
IEC in a joint venture with Arasaka they developed the technology that has made submersible cargo ships a practical reality. Their design is used exclusively by All Nippon Transports, that leases out space in its ships to other corporations.
IEC is also heavily invested in space technology. They do not build any space craft, but just about anything that goes into space has multiple IEC components.
While IEC has no strong corporate allies, they have good relations with most other corporations. This is due to the fact that any corporation that manufactures any kind of technology, relies on IEC for at least some of its componants. Even Arasaka which is notoriuos for keeping everything in house, uses IEC technology extensively, and has even been involved in some joint ventures with the company.
IEC is headquartered in Berlin, with regional offices in London, Paris, Rome, Stockholm, Moscow, Algiers, Bombay, Bangcock, Singapore, Hong Kong, Tokyo, Seoul, Brisbane, Santiago, Brasilia, Caracus, Mexico City, New York City, and Night City. IEC has roughly 800,000 employees worldwide with a security force of over 50,000.