Word: convair
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...aimed at the future, the brand new twin-engined plane rolled out on the test runway at Convair's San Diego plant last week looked like a relic of the past. The tiny (34 ft. long) Charger seemed to be a stubby cousin of World War II's P-38 Lightning...
While leaden skies drip rain, a twin-engine Convair rolls up the ramp at the Albany, N.Y., airport. Out step Barry Goldwater and Wife Peggy. There to greet them are Governor Nelson Rockefeller and his wife, Happy. The overheard conversation...
...February 1962, Roger Lewis took over as president of General Dynamics, a sorely troubled company. Within a month, he flew from headquarters in Manhattan to the company's unprofitable and stubbornly independent Convair subsidiary in San Diego, where he boarded up the executive dining room, sold off the fleet of a dozen company limousines, and transferred the executive barber. Says Lewis, now 52: "That convinced them we meant business...
...That meant the company was unburdened of past losses and that Lewis began with a $143 million tax credit. But the tax credit has long since been exhausted, and the new chief has shown a big order of courage and savvy of his own. Lewis cut back the Convair division, shifted some of its projects and executives to other divisions in the company and fired more than a few. With his aides, he analyzed each one of the company's 100 major programs, from missiles (Mauler, Redeye, Terrier, Tartar) and planes (B-58, CL-44) to nuclear reactors...
...frozen waffles. Last week, in his first European acquisition, he bought up a Dutch candy firm. The overall result of his presence: an 85% increase in sales, to $300 million in fiscal 1964. Another result: a 530 mph executive jet to replace the company's slower 240 mph Convair...