June 30, 1999
Olin King stepped down as CEO of Huntsville’s SCI Systems, Inc. (SCI), the world’s largest manufacturer of electronics. King co-founded SCI in 1961 with fellow engineers Bill Greaver and Joe Kirk with $21,000 and took advantage of government contracts, including building subsystems for Apollo's Saturn V rocket. Over the years, SCI has taken numerous significant contracts, such as building personal computers for IBM, building F-15, F-16, and F-18 military aircraft, and oil pipelines in Saudi Arabia. By 1999, SCI stood as Huntsville's largest private employer and the largest company in Alabama, but it has since moved to California after a merger with San Jose’s Sanmina Corporation.