Word: aerojet
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Dates: during 1950-1959
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...hydrogen-oxygen rocket of appreciable size has flown so far, but for a year Aerojet-General Corp. has been ground-testing hydrogen rocket motors at its Sacramento plant. Some tests have yielded more than 100,000 Ibs. of thrust. The treacherous new fuel burns cleanly and smoothly, and it is not as hard to store and get along with as some doubters feared...
Married. Dan A. Kimball, 62, president of California's Aerojet-General Corp., onetime (1951-53) Secretary of the Navy; and Doris Fleeson, 57, Fair-Dealing political columnist for United Feature Syndicate; both for the second time; in Manhattan...
MISSILE CONTRACTS to develop Air Force's solid-fuel Minuteman ICBM, with variable range of 500 to 5,500 miles (TIME, March 10), will go to Avco Manufacturing Corp. for nose cone, North American Aviation, Inc. for guidance system, Thiokol Chemical Corp. and Aerojet-General Corp. for engines...
...Truman Administration, a trusty news source for hardworking, Fair-Dealing Columnist Doris Fleeson, fiftyish, was Navy Secretary Dan A. Kimball. At long last on the asking side of a question, California Businessman (Aerojet-General Corp.) Kimball, 62, earned the right answer, last week provided Newshen Fleeson, ex-wife of the New York Daily News's Washington Columnist John O'Donnell, with a homegrown item: she and Dan, whose first marriage was dissolved last year, will be married next month at the home of Manhattan friends...
President Kimball and his executives make no bones about the fact that all this research comes high. In its 16 years Aerojet has paid only one common-stock dividend. All the rest of the profits go for research in a ratio that holds company expenditures to 30% for production and 70% for research each year. Eventually, probably by 1960 when Titan and Polaris are in production, Aerojet will pay its stockholders regular dividends. But never so much that it cannot lay a big bet on any exciting new field that opens...