Word: aircrafter
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Dates: during 1930-1939
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...feet of gas. With this bag. tall as a 30-story building, the U. S. Army (in conjunction with the National Geographic Society) plans to make two stratosphere flights, one in June and another in September. The pilots will be Major William Kepner, qualified pilot of every type of aircraft, and Captain Albert W. Stevens, air photography expert. Their balloon will be five times as large as the Navy balloon which made the official altitude record of 61,237 ft. last Autumn (TIME, Nov. 27), three and one-half times as large as the Soviet balloon which made an unofficial...
...young Harvard Business School graduate named Charles Walton ("Chuck") Deeds who was fiddling around with marine engines in Hamilton, Ohio, found himself with $40 to invest. Long interested in aviation, he decided to buy 200 shares of Pratt & Whitney Aircraft Co. Year before that company had been launched by his father, Col. Edward Andrew Deeds of National Cash Register, and two dissatisfied Wright Aeronautical Corp. executives- Frederick Brant Rentschler and George Jackson Mead. Pratt & Whitney Aircraft had one small shop at Hartford, Conn, and $1,000,000 worth of debts. On paper its stock was not worth even...
...United Aircraft, formed out of the Boeing Aircraft companies, took Pratt & Whitney over as a subsidiary, giving two and a fraction shares for one. Stockholder Deeds exchanged his 16,000 shares for 34,720 of United Aircraft, then selling for $97 per share. Net value: $3,367,000. United's airmail contracts, plus Pratt & Whitney's prosperous engine business, plus the bull market, pushed the stock up to a peak of $162 in May 1929. Mr. Deeds's $40 became $5,624,000. He liquidated holdings worth $1,600,000, but his remaining stock, at last week...
...Captain Macnamara, who had gone punting many a time as a boy, mud was no stranger. Bugles blew men to quarters. Down along 650 feet of deck raced 1,300 warrant officers, petty officers, sailors, Royal Marines to jam themselves on the tiny stern deck abaft the anti-aircraft guns. A petty officer with a megaphone scrambled to the top of the stern range finder. "By the numbers, jump!" he bellowed. "One-two-three-HIPE!!" As one man. 1,300 seamen sprang in the air to land with a shattering crash directly over the cabin of "Ginger" Boyle...
...Fresh cheers from the Noble Lords greeted an announcement for the Admiralty that in cruisers as well as aircraft His Majesty's Government will now proceed to build until their strength is not less than that of the strongest foreign power...