Word: bierwirth
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Prof. H. C. Bierwirth, 11-12, Sever 15; 3.30, Sever...
...research and development. Other projects could be postponed or stretched out. Adding to the industry's uncertainty is the question of what President Reagan's successor will do once he gets his hands on the Pentagon's purse strings. Many executives echo the fears of Grumman Chairman John Bierwirth, who says, "This industry is on the verge of a cyclical market shakeout...
Thus, far from fearing peace, many big defense contractors look forward to it as an essential step in winning contracts for future projects. Says John C. Bierwirth, vice president of Grumman Corp.: "Once the present expenditures for daily combat support are behind us, the military will begin to improve current aircraft." In addition, under terms of the proposed settlement, the U.S. would continue supplying South Viet Nam with nearly all of its defense needs, including aircraft, tanks and guns. True, some war suppliers, mostly manufacturers of bomb casings and small-arms ordnance, will lose substantial business. As many...
...Animal Kingdom. In Milwaukee, after carefully teaching two baby elephants to step on and off a small platform 18 inches high, Animal Trainer Robert Bierwirth blithely tried it himself, slipped, fractured his left ankle...
...Bierwirth's move into chemicals has already begun to pay off for National. Sales are up from last year, and net before taxes for the third quarter hit $6,600,000 v. $4,500,000 a year ago (aftertax earnings showed a smaller rise). Chemicals, which now account for nearly 25% of National's $470 million annual sales, will probably account for 35% next year. Eventually, chemical production is expected to account for more than half the company's profits...