Word: contractive
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Dates: during 1950-1959
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...operations have been an exemplary display of enlightened management. In 1950, seeing the handwriting writ large across the Middle East by Britain's gathering troubles in Iran, Aramco increased the Saud share in the oil profits to 50%, the Middle East's first 50-50 contract, patterned on the pact made by Creole Petroleum with Venezuela. For its Saudi employees, Aramco has built schools, hospitals, recreation halls and swimming pools. To appease Saudi pride, it has replaced Americans with Saudis as fast as Saudis can be trained. Today its payroll includes 14,000 Saudis v. 3,000 Americans...
MISSILE PRODUCTION will be started by Temco Aircraft Co., No. 1 U.S. airframe subcontractor. Dallas firm has just won $16 million Navy contract to develop secret new missile, will increase its 750-man engineering force...
SUPERSONIC TALOS, Navy's top-rated missile for -long-range antiaircraft defense, will go into operational use within the next twelve months under the first big production contract. Navy has placed $27 million order with Bendix Aviation Corp. for surface-to-air missile capable of carrying atomic warhead, will step up weapon's 75-mile range to 100 miles. Cruisers Little Rock and Galveston now are being converted to carry Talos...
...phosphates, the majority of its chemicals. To produce chemicals by its own patented processes, Catini has built 155 plants costing $540 million in 23 nations (including the U.S. and U.S.S.R.) that turn out 7,000,000 tons of nitrogen annually, 13% of the world's total. Currently under contract: another 43 chemical plants for companies in twelve foreign lands, a deal with the Indian government to build hydroelectric works...
...official word has come forth on the subject since the termination of Jordan's contract, but it has been reported that applications for the post are being considered. At the time of its recommendation that Jordan be dismissed, the powerful Faculty Committee on Athletics recommended also that backfield coach Harold M. "Josh" Williams be appointed to succeed him, but no decision was announced on that proposal...