Word: convair
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...takeover by ailing Curtiss-Wright, which has sought to buy 47% of Garrett's stock. A onetime barnstormer, mail pilot and test pilot who was Charles Lindbergh's copilot on one of the first transcontinental passenger runs in 1929, Bellande now restricts his piloting to the company Convair. Behind his desk, on which sits a dime-store statuette of a hula dancer, Garrett's $99,000-a-year boss is a smooth delegator of authority, a stickler for punctuality. At home in Bel Air, he collects shotguns and rifles, which he uses on Jeep trips across...
Snail-Like Pace. Beyond that, each of the three had special reasons for shunning the SST. General Dynamics was not in much of a gambling mood after having lost $425 million on production of its Convair 880 and 990 jet liners; besides, it recently won the rich and controversial TFX fighter contract, and would be quite unlikely to bag two in a row from Washington. Douglas is preoccupied with its new short-range DC-9, for which it has only a disappointing 18 orders; in addition, President Donald Douglas Jr., 46, who has become the active manager of the company...
...million in new orders in the past twelve months, including a $1,300,000 award to build the computer for the Gemini simulator and $3,500,000 for a general-purpose space-flight simulator. Link also builds flight simulators for the Grumman Gulfstream, the Lockheed Electra, the Convair 880, the DC-8 and Boeing's 707, 720 and 727 jets. This week Link is working out the final details of a contract to build two simulators for a new NATO antisubmarine patrol plane, the turboprop Atlantique...
...Swissair Flight 227 to Zurich taxied onto the runway at Munich last week, it was followed closely by a black police limousine. Not until the Convair disappeared into the night did the plainclothesman inside the car return to headquarters to report that Georges Bidault, 63, former Premier of France and now self-styled operational chief of the terrorist Secret Army Organization, had left West Germany. For the first time since Bidault was traced to his hideaway in a rural villa last month, Bavaria's Minister of Interior Heinrich Junker breathed easily. Sighed he: "A heavy cross...
Dangerous Dependence. Financial turbulence has been too much for the other big U.S. planemakers. Within the past 18 months, Lockheed, after taking an $80 million loss on its turboprop Electra, gave up commercial planemaking entirely; General Dynamics, which lost $425 million on its Convair jetliners, also quit. By withdrawing from commercial planemaking and concentrating on missiles and aerospace, the airframe companies have become increasingly dependent on the Government, which accounts for 83% of Lockheed's sales and 77% of Douglas'. Despite the dangers of such heavy reliance-as Douglas recently discovered when it lost...