Word: backlogging
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...hand last week knocking on RFC's door. This time he wanted $38 million for his auto company, Kaiser-Frazer, which already owes RFC $43 million. K-F President Edgar Kaiser explained that the company needs the money to tide it over until it can sell its backlog of 18,000 cars. He said that the Government's credit restrictions had slowed up its sales so much that K-F had to cut production from 1,600 to 800 cars a day, would soon have to drop to 600. RFC offered Henry $25 million, and asked for stringent...
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...
...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...