Word: carrier
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Dates: during 1960-1969
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Outside Manhattan's Biltmore Hotel last week, the temperature was a frigid 26°, but in the grand ballroom the atmosphere of Carrier Corp.'s 50th anniversary stockholders' meeting was glowingly warm. President William Bynum, 62, announced that sales in fiscal 1964 jumped 9%, to $325 million. Directors recently voted a 20% dividend raise, and shareholders happily approved a three-for-two stock split...
...this is fiscal proof of a weather change in the $2.4 billion-a-year air-conditioning industry, whose major producers include Trane, York, Fedders, Worthington and Westinghouse as well as Carrier. No longer is it a business that seems important only in July and August. Syracuse-based Carrier, biggest company in the business, is flourishing year-round-and so are most of its competitors. Already in the cold first quarter of 1965, said Bynum, his company's new orders are up 22%, and profits, which were $11 million last year...
...Houston last week, four huge Carrier motors that will climatize the city's new Astrodome-enclosed sports stadium were test-run in preparation for next month's baseball season opener. The equipment will keep temperatures under the dome in the moderate 70s, and will also clear away cigarette and cigar smoke so that outfielders can see a baseball 550 ft. away. The air conditioners will operate continuously; if the motors were turned off between games, so much humidity would collect under the dome that rain would fall indoors...
Sohn planned to obtain his plane from British Eagle Airlines, a regularly scheduled carrier between London and the continent. British Eagle purchased the prop jets that the British Overseas Airways sold after last summer, according to Sohn. All HSA European charter flights in 1964 used the BOAC planes, but this summer's contracts are with other European lines...
...distribution to U.S. allies under military-assistance pacts. Canada, on the verge of ordering 200 F-5s, is debating whether to switch to the costlier McDonnell F4, whose interceptor model is the hottest in the U.S. inventory, or to the Douglas A-4E Skyhawk, which can land on a carrier. Australia has decided to buy ten Lockheed P-3 Orion antisubmarine planes. West Germany, whose purchases account for nearly half of U.S. foreign arms sales so far, has agreed to buy three guided-missile destroyers for $150 million each...