Word: avco
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Arthur Kantrowicz, noted physicist and president of Avco-Everett Laboratories, will talk on "Scientific Judgement and Governmental Decisions" at 8 p.m. tonight in the Kirkland House...
However bullish such performances among blue chips may look, high-flyers such as Avco, Syntex and Control Data have actually led the spring spurt. Last week Polaroid (up $10.63), Motorola (up $14.13) and Teledyne (up $15.75) carried on the surge, and IBM shot up a whopping $28.50, thanks to a $17 jump Thursday, to close at a record $496.50 per share. But the industrials are catching up, partly because cash-heavy institutional investors (notably mutual funds) are upping their purchases. "The more the glamour stocks go up," explains Richard Buchsbaum, research director at W. E. Hutton & Co., "the cheaper...
...that the Government would recoup everything it laid out in the shape of royalties. Beyond that, the SST, as the biggest single venture ever undertaken by U.S. industry, will create at least 100,000 new jobs across the country. The plane is too big for Boeing to build alone; Avco Corp., Fairchild Hiller, Ling-Temco-Vought, Martin Marietta, North American Aviation and Northrop have already been designated as subcontractors, and Lockheed too may end up with a slice of the work...
Kendrick R. Wilson Jr., Chairman, Avco Corp...
...first phase of the Pilgrim Project is already under way, Huguenin pointed out. He has already given Avco a $149,000 contract for the construction of an instrumented spacecraft to test some of the Pilgrim equipment. NASA has approved this contract...