Of course this is the classic case of someone buying a trademark. The real Western Electric went out of business between 1984 and 1996.
The current company using the name mainly exists to relieve audiophiles of their money. Just say no.
https://en.wikipedia.org/wiki/Western_ElectricThey were in the telephone and telegraphy business. Audio and movie speaker systems were a small sideline.
I checked up on WE after reading @Sal1950 post. It's been so long I thought about them I figured they went the way of Sansui, existing only as trademark purchases owned by an un-caring conglomerate somewhere. But they are indeed producing gear that would make Dan D'Angistino wince at the price. Still it's an interesting website to prowl around a bit. The company history gives some info about the Kansas City plant I didn't know details on. Take a look at the pics... the facility was HUGE!:
https://www.westernelectric.com/