Word: corp
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Dates: during 1960-1969
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...also somewhat of a triumph for the Lockheed Aircraft Corp., which produces it, and its performance is precisely what the Pentagon has come to expect of the company. For an unprecedented four years in a row, the company has been the Defense Department's biggest single contractor. The $1.7 billion worth of new defense orders that Lockheed landed in the fiscal year ending last June 30 represented 7.1% of all contracts let by the Pentagon, nearly double the share of its nearest rival, General Dynamics. In the current year, Lockheed is certain to stay...
...latest cinematic adventure. The real thing was far harder to lift. In order to recover the bomb, American officials called on devices that even Ian Fleming had never conceived: the whale-shaped Aluminaut (TIME, Sept. 11, 1964), a 51-ft., three-man sub devised by General Dynamics Corp. to probe 17,000 ft. beneath the sea's surface, and a 22-ft. two-man U.S. Navy sub named the Alvin, which can work as deep...
...government has amended taxes that discourage business mergers. In France, the Commissariat du Plan is setting up an interministerial committee to act as a sort of marriage bureau for companies that wish to get together. The British government announced last week that one task of the new Industrial Reorganization Corp. will be to sponsor "desirable regroupings." Spain's economic Development Plan calls for the "concentration of productive units." Common Market Commission President Walter Hallstein insists: "We must let more mergers go through...
...impression that the country "has gone merger-mad." In the last decade, the number of corporate mergers in Britain has increased from roughly 300 a year to more than 800. Britain's takeover tycoon, Charles Clore, having brought together the shoe industry in his British Shoe Corp., has added to it the Lewis's Investment Trust, a department-store chain, for which he paid almost $180 million. The metals-manufacturing firm, Tube Investments, has bid to take over Charles Churchill, one of the biggest machine-tool makers...
With the British Aircraft Corp. forced out of the competition, Douglas and Boeing were left in the race, with Douglas having the inside track. Still, barter troubles continued. Now the Lebanese asked that surplus U.S. wheat and other foodstuffs be thrown into the deal along with the new jets. To help pay for the costly planes, the Lebanese proposed to raise cash by selling off the wheat and foodstuffs. If that sounded roundabout, it was-but it is the way business is apt to be done with the Middle East...