Word: contractor
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Dates: during 1960-1969
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...solid civilian products as cement. In time, most of the major planemakers went over to missiles and space. Today, General Dynamics has its Atlas, Boeing Airplane Co. its Dyna-Soar and Minuteman, Douglas its Skybolt, and McDonnell Aircraft Corp. its Mercury capsule. Lockheed Aircraft Corp., which is the prime contractor for the Discoverer, Midas and Samos satellites, gets more than half its sales from missilery and space. So does the company that has built more planes than any other in the past-giant North American Aviation, now working on projects running from rocket propulsion to inertial guidance. Altogether, eleven...
...defense spending policy. Says Jones: "We came to the conclusion-it seems simple now, but remember that was the mid-1950s-that the dollar sign had been put into the military-technical equation. Up until that time, it hadn't been necessary to be a good defense contractor. The military had said. 'Don't worry about cost, because this is an emergency.' Well, now we were at last going to have orderly procurement. On top of that, the advancement of technology had shot costs...
Radio Corp. of America has been operating in a partial vacuum (inside its radio tubes) for years, so thin-air space work (37% of sales) came naturally. Among its projects: prime contractor on Tiros weather satellites and on NASA's Relay communications satellite system...
Thompson Ramo Wooldridge, once all space work, has diversified so that it is now half auto and aircraft parts. It is prime contractor on the Orbiting Geophysical Observatory...
International Telephone & Telegraph Corp. is prime contractor for the $70 million communications system at Atlas missile bases...