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Using a quick web search for 2019 revenue in Garrett and First Texas-not sure how accurate the source is....according to them Garret has 233 employees with a revenue of 46 million. First Texas shows 55 employees with revenue of 11 million. Does that mean anything? Maybe not, but it could be a rough ballpark indication of their level of business. It would seem that FT is sized appropriately and could weather a storm or two without too much immediate danger. Someone with almost 8 times the staff but not 8 times the revenue to match could be looking at layoffs. Between Whites, Garrett, Tesoro, and FT, one can look at the last decade of released tech and see who was moving forward. I think it’s a lot like a family run dealership (I’ve worked for a few by now) eventually circumstance wins out and it’s just no longer viable so they sell out or close. The end of an American dream kinda. What If there’s a kid out there who loves the engineering and someday creates a brand new American made detector. A new dream starts....I think that’s how we should look at it. The UK has some pretty small time manufacturers that make some super interesting machines.Garrett and First Texas I believe are it. I remember when Fisher folded......then First Texas picked them up. If these two companies aren't careful, we'll be buying all our detectors from overseas.
There is still the small company of Tarsacci who makes the very interesting Tarsacci MDT 8000 here in the USA. The owner is an immigrant who came from Bulgaria many years ago, and worked as an engineer for Fisher back before they sold out to FT. He quit when FT bought them and is now making his own. He worked on the Fisher Coin Strike and the Excel units.Garrett and First Texas I believe are it. I remember when Fisher folded......then First Texas picked them up. If these two companies aren't careful, we'll be buying all our detectors from overseas.