Word: avco
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Dates: during 1960-1969
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...possibility of generating useful amounts of electricity by blowing hot gas between the poles of a magnet has long intrigued adventurous physicists. Many have tried to turn the trick, but until Dr. Arthur Kantrowitz, chief of Avco Corp.'s Everett, Mass.. laboratory, reported impressive progress last week, large-scale magnetohydrodynamic power seemed as improbable as its nonstop name...
...buzz off for the weekend to his own 600-acre farm in his own airplane, a two-engine Aero Commander. Along with running Pitt, he is chairman of Smith-Corona Marchant's board of directors, a member of Stude baker's executive committee, a director of Avco Corp., and founder-chairman of Washington's Governmental Affairs Institute. Pitt pays him $45,000 a year, plus expenses. His extracurricular activities boost that to roughly...
...certain what the aerospace-men will bring back from the moon and the planets. Perhaps only rocks, perhaps exotic new minerals. But history's lesson is that explorers seldom find the expected. An eloquent case for aerospace is made by top Avco Corp. Researcher Dr. Arthur Kantrowitz: "To characterize aerospace as a growth industry is to take a narrow view. It is more like the discovery of America-a new opportunity for mankind. I keep telling my children that I wouldn't be surprised if their children lived in some brave new world in space, just...
...Avco Corp. came into aerospace (60% of sales) "strictly from hunger'' after taking a beating in consumer appliances, is now a big name in nose cones...
Money in Mufti. With smart bidding and shrewd economy, Avco's pretax profit margin has more than doubled since 1957. from 3.4% to 7.6%. "But you can trim costs just so far," admits Wilson. For the future, Avco intends to boost earnings by swinging into more profitable civilian goods, altering its defense-to-civilian sales ratio from the present 60-40 to 50-50. To help achieve this target, it is banking on a rise in industrial use of such products as its turbine engines and heat-shielding devices. "In our forecasts for coming years," says Wilson, "profit increases...