Word: cessnas
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...order was the turning point for struggling Cessna. Since then, the company has built more than 21,000 planes for civilian and military pilots, and has blossomed into the largest U.S. commercial light-plane manufacturer.* Its total assets are more than $21 million, and 1953 sales topped $43 million. The company has three plants (all paid for), 4,000 employees and a booming military business (backlog: $43.4 million), making everything from light liaison planes to tails for Boeing's B-47 jet bomber...
...four-engined Cessna 620 executive transport, to give flying executives the big-plane comfort, safety and speed they expect at the economy prices they like to pay. With four 320-h.p. Continental engines, Cessna's 620 will carry nine passengers (plus pilot and copilot), cruise at 235 m.p.h. for 1,300 miles, and climb to an altitude of 30,000 ft. Estimated price: about $300,000 v. up to $400,000 for a converted World War II bomber...
...twin-engined Cessna 310, which is a smaller, five-place transport that can cruise at 205 m.p.h. for 875-mile hops. Cessna already has orders for 130 at $49,950 each, is booked into July...
...twin-jet T-37 trainer with side-by-side seats and 400-m.p.h. speed. Last week the Air Force, choosing from among 15 designs, gave Cessna a preliminary $5,000,000 contract for T-37s, with the possibility of more if the plane lives up to expectations...
Sunday Pilots & Spotters. The credit for Cessna's new planes and its soaring business goes to President Dwane Wallace, who took over in 1934 from his uncle Clyde Cessna (the company's founder). Since its founding in 1927, the company had not made much money. But Wallace, who graduated from Wichita University with a degree in aeronautical engineering, knew how to build a speedy, airworthy plane. His first Cessna Air-master could cruise at 140 m.p.h.; private U.S. flyers bought 212 of them in six years, and Wallace was able to stay in business...