Word: curtisses
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...aircraft backlog was $50,000,000 or less. Last October it was $392,000,000. Last week, for 28 airplane, engine and parts makers, it was over $2,500,000,000. In this figure were $627,000,000 for Curtiss-Wright, $395,000,000 for Douglas, $373,000,000 for United Air craft, $218,000,000 for Lockheed. Backlogs of the smaller fry (called "marginal producers" less than a year ago) were scarcely less dizzying. Sample: 46-year-old Lawrence Doane Bell's Bell Aircraft (Airacuda, Airacobra), whose books bulge with $60,000,000 in orders, up from...
...which it made 275 planes a month last year. Its expansion has been rapid but lateral-chiefly in floor space and men. Fixed costs per unit do not fall very fast that way. Last week Scripps-Howard Columnist Ernie Pyle described a trip through Buffalo's vast Curtiss-Wright plant, No. 1 U. S. producer of combat planes. Each of the 154,000 rivet holes in a P-40 was drilled by hand. Said he: "It is almost like building a house." Good planes may not be susceptible to mass production, but until they are, aircraft makers...
Engines. United Aircraft Corp.'s Pratt & Whitney division agreed to expand its plant at East Hartford, Conn., take a $180,000,000 order for 17,000 airplane engines (500 to 2,000 h.p.), expects to begin turning them out (with Navy-owned tools) within eight months. Curtiss-Wright Corp. accepted a $323,000,000 order for 20,000 more engines, 14,000 propellers, will be in production nn the order by next July. -Said Secretary of the Navy Frank Knox, announcing the Pratt & Whitney order: "These fellows, as good sportsmen, are willing to take a chance even before Congress...
...Situated at the Bosporus of war orders, Curtiss-Wright Co. earned $6,235,969, up 85%, and no more than it may need from now on to carry and pay off the $92,000,000 RFC is planning to lend it. Republic Aviation Corp. earned $842,161 compared with a $524,781 deficit for all of last year. Airlines continued their uptrend. United turned a 1939 first-half deficit of $202,962 into a $288,554 net profit; Eastern in creased net 102% to $733,926. But T. W. A., its pockets emptied buying Stratoliners, had a $390,680 deficit...
Planes were at last on order-almost on order-thanks to the willingness of the aviation industry to start spending money without any guarantee that they were ever going to get it back. Six key points of U. S. defense are Curtiss-Wright, Lockheed, Douglas, Consolidated, North American and Glenn L. Martin. Representatives of these six met in Washington with big Bill Knudsen of NDAC, went away with a businessman's agreement that what they probably would get in time from the Government was: 1) estimated cost plus 7% on their contracts; 2) the right to charge off (amortize...