The IBM 702 was announced September 25, 1953 and withdrawn October 1, 1954, but the first production model was not installed until July 1955. The IBM 705 replaced it.
A complete system included the following units:
- IBM 702 Central Processing Unit
- IBM 712 Card Reader
- IBM 756 Card Reader Control Unit
- IBM 717 Printer
- IBM 757 Printer Control Unit
- IBM 722 Card Punch
- IBM 758 Card Punch Control Unit
- IBM 727 Magnetic Tape Unit
- IBM 752 Tape Control Unit
- IBM 732 Magnetic Drum Storage Unit
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