Word: aircrafters
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Dates: during 1930-1939
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Over Portland, Ore. one day last week buzzed a trim two-motored airplane that outwardly looked like any other U. S. aircraft, but inwardly was as different as a hickory basket from a ship's hull. For while the skeleton of other planes is built up of longitudinal braces, bulkheads and stringers, the framework of this Greenwood-Yates Geodetic Bi-Craft is woven of spruce strips. It resembles nothing more than a woven basket covered with fabric to keep out the breeze, powered with two 50-h.p. engines to pull it through the air. Its structure is called geodetic...
...claimed by Greenwood-Yates are that fuselages, wings, other parts, can be woven by unskilled workmen over molds; that construction is cheaper, faster, every bit as sturdy as any other kind; that a woven airplane is less likely to be bashed up by hits from machine-gun bullets, anti-aircraft shell fragments. Aircraft experts predict the average life of an airplane in war service will be only 30 hours, so Greenwood-Yates backers think that bigger Geodetics with larger engines may have a military future. Meanwhile, with a single-engined plane that sells at $1.900, a two-motored...
Since it really got down to work 21 years ago, the National Advisory Committee for Aeronautics (founded by Act of Congress in 1915) has turned out many a valuable contribution to aircraft and engine design. Its studious scientists, working in a grotesque collection of wind tunnels and other research machinery at Langley Field, Va., can point to NACA discoveries (cowlings, wing designs, etc.) on every airplane flying today...
Stock of Boeing Airplane last week sold at $22, down 35% from $35 last January; Consolidated Aircraft sold at $20¾, down 19% from $25½; Douglas Aircraft at $63, down 20% from $79. Aircraft stocks as a group were down a little more than 14% from their 1939 highs compared to a drop of a little less than 14% by the average of all industrial stocks -a fine performance for supposedly promising new war babies during an era of rearmament...
...machine tool industry, which, like aircraft, averages only $200,000,000 a year of business is getting 20% of its domestic orders from U. S. arms spending and 50% from exports (practically all arms). One of the industry's most promising war babies, Niles-Bement-Pond Co., which has an order backlog of $2,200,000 (big for it but a trifle in the national economy) was meanwhile going in the market for eleven times its 1938 earnings, while investors priced ordinary market leader Chrysler at 16 times 1938 earnings...