Word: backlog
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...Jack) Northrop a big pot in what had long looked like a losing game. To Northrop Aircraft, which had more than once lost heavily on postwar wrong guesses, the Air Force was readying $154 million in contracts for the new plane, which would bring Northrop's total backlog to $389 million...
Despite the strike, after two years in the red, Boeing climbed out in 1948. Last year, with a backlog of more than $1 billion in orders, it netted $7.1 million. In the first six months this year alone it earned almost as much as in all of 1951. But the profit is down to 2% of gross (v. 7% for U.S. Steel). Bill Allen thinks that is too low; he says the Government should allow planemakers a bigger profit margin, to enable them to buy their own plants, keep them from being dominated completely by the Government...
Though his pen has been still for the better part of twelve years, Eugene O'Neill, ill with Parkinson's disease, has twice dipped into his backlog of unproduced plays. In 1946 Broadway saw The Iceman Cometh, which O'Neill had completed in 1939; A Moon for the Misbegotten, written in 1940, got its premiere in Columbus, Ohio in 1947. Moon for the Misbegotten opened to what the trade calls mixed notices, but played to good houses in Cleveland, St. Louis and Detroit, although Detroit demanded that such key terms as "whore," "bastard," "son of a bitch...
...started parceling out licenses for new TV stations last week, only a few days after it began going through its backlog of more than 500 applications (TIME, July 14). Nine TV-less cities got the go-ahead: Portland, Ore., New Bedford and Springfield-Holyoke, Mass., Youngstown, Ohio, Flint, Mich., Bridgeport and New Britain, Conn., York, Pa. and Denver. But Denver is still in for a wrangle. The FCC has ordered hearings for the two rivals who want channel 4-station KMYR, and the new Metropolitan Television Co., of which Bob Hope is a major stockholder...
Despite its rearmament backlog, Raytheon is not neglecting its civilian market, including commercial radar. It recently built the world's biggest antenna for the harbor of Le Havre, France. Last week, with long-sluggish TV sales picking up once more, President Adams flew out to Chicago to show off Belmont's newest "Vu-Matic" television models. The "Vu" stands for very high frequency and ultra-high frequency. Raytheon claims its new tuners will be able to cover the whole radio spectrum...