Word: curtisses
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Dates: during 1940-1949
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Last week at Caldwell, N.J., Curtiss-Wright and Pan American Airways demonstrated an elaborate training device, the biggest and best of its kind, which can simulate both "disaster conditions" and routine flights. It has no wings; it cannot fly or even move. But crewmen shut in its cockpit (a copy of the cockpit in Pan Am's new Boeing Clippers) experience nearly all the horrors that can overtake a pilot. They are at the mercy of an unseen instructor who can "simulate" violent weather and faithless machinery...
Many of the other plane companies and airlines were worse off than Douglas in 1947. But their shares went up anyway. Curtiss-Wright and American Airlines hit new highs for the year. One profit-making exception was Grumman Aircraft Engineering Corp. which earned $2.2 million last year. Its shares went up to 41½, eleven points above the year...
...Reader Hatch (author of Glenn Curtiss; Pioneer oj Naval Aviation) has the right idea but the wrong place. On the Wrights' first flight at Kitty Hawk in 1903, their plane rested on a car which ran on a monorail. After a 35-to 40-ft. run, the plane lifted from the rail, and in Orville Wright's own account "climbed a few feet, stalled, then settled to the ground. My stopwatch showed that the machine had been in the air just 3½ seconds." It was not until nearly a year later, on a cow pasture near Dayton...
...week Forbes published the results. The two Charles E. Wilsons (no kin) who boss General Motors Corp. and General Electric Co. flunked the test, along with six other corporation presidents.* They did not answer Benson. But the rest all passed handsomely. Benson even got two to agree with him. Curtiss-Wright Corp.'s Guy W. Vaughan and Sinclair Oil Corp.'s Harry F. Sinclair reported that they had already cut their salaries. Republic Steel Corp.'s Charles M. White, who makes $200,000 a year, made no such concession. Said he: "I have no intention of suggesting...
...only 145 multi-engined transports for the airlines and the saturation point is already at hand. To keep their heads above water, manufacturers have switched to new sidelines. Douglas is now making aluminum dinghies as well as bomber frames. Bell has gone into metal furniture and gasoline engines; Curtiss-Wright turns out textile spindles and film projectors. Even those companies still making money are having trouble keeping skilled labor crews and engineering staffs together, are trimming their sails for the day when present backlogs...