Word: cessnas
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...Cessna Aircraft Co., fast overhauling Beech as the biggest U.S. producer of private planes, last week went into jets. The Air Force announced that it would buy more than 140 of Cessna's trim, twin-jet basic flight trainer, the T-37. Cost: $26 million...
...powered basic trainer, the Air Force hopes to save money by sharply reducing the flight hours necessary to qualify a cadet for supersonic fighters and bombers. Flight cadets will drop 90 hours of prop training in North American's T-28 trainer, take the stick of the Cessna jet after only 40 hours of basic piston-engine flight in Beech's Mentor (T-34. In the T-37, instructor and student sit side by side instead of tandem. With 150 hours in the T-37, the student can step up to Lockheed's T-33, quickly graduate...
...petrochemicals, natural gas and increasing auto travel boosted Phillips Petroleum's 1955 profit to a record $95 million, 25% more than 1954; the company will spend $200 million on expansion in 1956 and confidently predicts still higher earnings. The boom in business flying brought light-plane-maker Cessna Aircraft sales of $16 million for fiscal 1956's first-quarter, 30% more than a year ago. In housing, the demand for home and factory insulation materials pushed Johns-Manville Corp.'s 1955 sales to $285 million, its second-best year in history. Increasing farm mechanization and highway building...
...monthly letter to salesmen, Wichita's Cessna Aircraft Co. could find only one way to describe business: "Sales are booming, booming, booming." Like the rest of the U.S. light-plane industry, Cessna is indeed in the midst of the biggest peacetime boom in its history. In 1955's first quarter alone, Cessna, Beech and Piper, the three top private plane makers, sold more than 1,000 planes, worth $20.8 million, a full 40% better than last year. Reason: businessmen are flying nearly 4,000,000 hours annually, more than all the scheduled airlines put together...
...last week eleven new Cessna planes, worth $261,000, buzzed out of Wichita, for delivery to businessmen in five states. It was one of the biggest delivery days in Cessna history. Last year the company sold 1,199 commercial planes, worth $15 million; this year it expects to hit $30 million and pass Beech in dollar-volume as the biggest private plane maker. Beech Aircraft Corp., which sold $22 million worth of commercial planes in 1954, is aiming at $26 million. Piper Aircraft Corp. will increase its sales from $11 million to $16 million...