Word: convair
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CAPITAL AIRLINES will get special deal from General Dynamics Corp. to buy Convair jet airliners. Deal is for 15 Convair 880 jets worth $60 million, which G.D. will help finance in addition to helping Capital refinance some $48.5 million still owed on its current fleet of British-built Vickers Viscount turboprops...
Cats & Guts. Even angrier was Thomas G. Lanphier Jr., wartime fighter pilot and vice president of Convair (prime contractor on the Atlas ICBM). The Pentagon, said Airman Lanphier, indulges in "dangerous semantics" by indicating that the Atlas will be reliably operational in the near future. Actually, said he, the Russians are two to three years ahead of the U.S. ICBM program because they have tested "hundreds" more parts. Convair could double its efforts on Atlas if the Pentagon so ordered, accelerate its B58 bomber program by three or four months and put 50 times as much work into its anti...
General Dynamics' widespread diversification eases the task of finding uses for its scientists' new ideas. When Convair evolved the idea for the Charactron tube, which can read 1,200,000 characters a minute. Stromberg-Carlson got the job of producing and distributing it. and Electric Boat set to work adapting it into a "synthetic porthole" to give a commander all the complex information picked up by a submarine's scouting equipment...
...profit, high-volume defense business. General Dynamics' earnings-about 3% of sales-are not overimpres-sive. To get the company into more profitable fields. Pace would like to increase General Dynamics' nonmilitary business to 50%. Convair is turning out jet-powered 880 airliners (though sales have so far been disappointing). Stromberg-Carlson is bending its efforts toward new and better electronic computers that could open up vast new commercial markets for General Dynamics. And last fall the corporation worked out a merger through an exchange of stock with Liquid Carbonic, an international producer of industrial and medical gases...
...Wizard. But General Dynamics' competence in weaponry stacks the cards heavily against rapid growth of the corporation's civilian lines. Vital defense projects are bound to grow rather than shrink in the next few years. Convair and RCA have already submitted to the Defense Department plans for an anti-missile missile, the Wizard II, which could search out an incoming enemy ICBM and explode it high in the atmosphere. The Wizard could conceivably be put into production by 1965 (at a cost of up to $5 billion) if the Defense Department gives an immediate go-ahead...