Word: backlog
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Dates: during 1950-1959
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That was a big reason why North American last week had the industry's fourth biggest backlog, an estimated $410 million. Its sales have risen from 1947's low of $20 million to $124 million last year and have continued to climb this year. Last week, North American declared a 75? quarterly dividend...
...history. In 1945, he got an order to build the first carrier-based jet fighter for the U.S. Navy, and thereby turned his small, six-year-old McDonnell Aircraft Corp. into a fast-growing big planemaker almost overnight. Last week, as he announced new expansion plans, McDonnell put his backlog at more than $200 million, the seventh biggest in the industry. And his profits for the fiscal year just ended were $2,800,000 on sales of $38.6 million, nearly a 70% profit jump in a year...
Both the Air Force and industry clamped down on specific details of orders, quantities and types of planes to be produced. The take-off signal was flashed to 200 planemakers and suppliers. The biggest orders undoubtedly were earmarked for the companies now in biggest production: Boeing, whose order backlog ($336 million) is already the industry's largest, will step up production of B-47 jet bombers and C-97 transports; Consolidated Vultee (backlog: $250 million) its B-36 bombers. Douglas (backlog: $216 million) will get bigger orders for its C124 transports for the Air Force and its Navy...
...Line. In Seattle last week, Boeing, with the biggest military backlog of all ($366 million), was concentrating on the B-47 medium jet bomber...
...atomic bomb-the carrier-based AJ1 jet-assisted attack bomber. For production of the Air Force's long-range B-36 bomber, Consolidated Vultee had $250 million in Government orders. Lockheed had the fast F94 on the assembly line (see cut) as part of a $225 million backlog. A jet-powered fighter, the F94 has search radar housed in its ball-like plastic nose, can seek out and destroy enemy aircraft approaching through thick clouds and darkness...