Word: backlogs
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...Government contracts that looked none too inviting to other companies, because the profit was less than on commercial business. Now Martin has contracts for six different missiles (including the surface-to-surface Mace and the Titan ICBM). more than any other company, making up a plump missile-and-electronics backlog of $600 million. Earnings, on the rise, are expected to hit $4.50 a share this year. Says Bunker: "We were either lucky or smart, and we don't care which. We got in first, and now we've really got our arms around this thing...
...keep up with the demand, Daimler-Benz has 83.000 employees working in seven German plants, plants in Argentina, Brazil and India, assembly lines in Mexico, South Africa, Belgium, Ireland. Together, they are striving to shrink the company's order backlog of 82,000 cars and trucks, equal to six months' top production. As a result. Daimler-Benz stock is one of the greatest sensations on West Germany's booming stock market. A blue chip by nature, it is also the market's star riser, has gone up 400% in the past year, and last week alone...
Beating the Backlog. In last week's report, the final one to be made by the group, the Draper Committee's deepest worry was that the U.S. might be fooled into thinking that Congress had not cut dangerously into foreign-aid programs. Overall spending figures, the committee explained, are deceptive. During the Korean war, the U.S. built up an $8.5 billion backlog of military-aid appropriations. But since 1954 the U.S. has been delivering about $2.5 billion worth of arms to its allies-while congressional appropriations averaged only $1.5 billion a year'. The difference has been made...
TIME'S June 1 story on the Supreme Court got its figures mixed up. The court, always close to being current, does not have a backlog of 1,836 cases. Actually, as of June 4, [it had] 375, of which about one-half will be disposed of by the time the court adjourns for the summer late this month...
...total seems headed for 15,000. Not only is Russia "the place to go" for thousands of seasoned tourists, but this summer's U.S. exhibition in Moscow is proving a strong drawing card. So great is the influx that American Express alone had a backlog of 200 visa applications last week. The once-formidable Soviet tourist restrictions have been cut so much that almost anyone, unless he has been involved in a well-publicized anti-Communist incident, can get a visa within a week or ten days...