Word: corp
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Dates: during 1960-1969
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...behind the Skymaster is Cessna President Dwane L. Wallace, 49, a lean, rawboned management pilot who drove Cessna ahead of Beech Aircraft Corp. as the No. 1 maker of private planes for the first time in 1959 (TIME, April 27, 1959)- Though Cessna's total sales of $103 million were down 2% for fiscal 1960 (year ending Sept. 30), owing to a drop in military orders for Cessna's air force training jets, there was no slackening of demand for private planes or in the pace of the company's diversification...
Cessna, which has long made hydraulic equipment for farm machinery, this month will start up a new hydraulics plant in Glenrothes, Scotland. It is expanding the product line of Aircraft Radio Corp., a wholly owned subsidiary in Boonton, N.J., to include radios for all size airplanes. Last year the company bought out a propeller maker, Dayton's McCauley Industrial Corp. Foreign sales accounted for 19% of Cessna's private-plane airplane sales in 1960, and it expects even bigger foreign sales in the years ahead. To cash in on this market, Cessna last year bought a 49% interest...
John V. Naish, 53, resigned as president of General Dynamics Corp.'s big, highflying (Atlas missile, B58 bomber, Convair commercial jets) Convair division because of "irreconcilable differences in management philosophy." Brother of Cinemactor J. Carrol Naish, Jack Naish gave up a profitable investment counseling firm in 1941 to become an aircraft riveter at Northrop, worked up to works manager in five years. In 1949 he joined Convair, shot up to president in 1958. He liked to run his billion-dollar division his own way. Since Frank Pace Jr. took over as General Dynamics chairman, more and more of Convair...
Roland N. McKean, Rand Corp.: The recession looks as if it will grow somewhat more severe. Most of the things proposed by the Administration are not likely to have much immediate effect on an upturn. I would look for the country's unemployment to get somewhat worse in the next three to six months...
...Scandinavian Airlines System is setting up seminars in key European cities to brief travel agents on how to sell tourists on the U.S. Air France has launched an intensive "Visit U.S.A." advertising campaign, has handed out more than 100,000 handsome color brochures of the U.S. British Overseas Airways Corp. is making a movie of scenic spots in the U.S. that it intends to distribute throughout the free world...