Word: backlog
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...were the industries which 1940's boom passed by. But none was more violently struck than aircraft. The planemakers began the year with an order backlog of $675,000,000 and 60,000 men at work. They ended the year with a $3,500,000,000 backlog, 164,000 men at work. Yet, corporately speaking, they ended the year as they had begun: small...
...little Republic Aviation laid off 50 men because it could not get parts. Deliveries for the year were about $625,000,000; are now running around $55,000,000 a month. At that rate, it would take the industry over five years to put its $3,500,000,000 backlog...
...though it more than doubled its 1939 sales to over $400,000,000, it remained so. When the planemakers began dumping real volume orders on the machine-tool market in February, Niles-Bement-Pond (one of the biggest of the lot) could call a mere $9,000,000 backlog the biggest in its history. Most toolmakers resisted defense-expansion pressure as much as they could, wanted instead to ration their customers. Automen, normally the biggest machine-tool customers, began to worry. So did the British, who got about a fifth of the industry's 1940 production...
...year's end the industry had expanded its floor space 30%. But its backlog was growing faster, was equal to about a year of capacity operation. On Dec. 4 a large new list of machine tools was subjected to export priority control. Bill Knudsen scolded the industry for not doing more subcontracting. Meanwhile, investors showed less interest in machine-tool stocks than they might have if their low capitalization had not marked them for plucking by the excess-profits...
...strike walked the 3,000 production workers of Vultee Aircraft at Downey, Calif. Work on a whacking backlog of $84,000,000 (including orders for $50,000,000 worth of vitally needed Army training planes) was stopped. Left in the factory hangar were 17 completed BT-13 Army planes. On the assembly line were 20 more that would have been finished by week's end. To Downey rushed War Department, National Defense Commission and Labor Department officials to confer with C. I. O. men and Vultee officials about the union's basic demand: an increase in minimum wages...