Word: curtisses
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Last week General Motors branched out into still another aviation field: propellers, now dominated by United Aircraft Corp. and Curtiss-Wright. Announced by G. M.'s Board Chairman Alfred Pritchard Sloan Jr. was the purchase of Engineering Projects, Inc., of Dayton, Ohio. Best guess as to the price: something less than $500,000, plus royalties. Named to head G. M.'s new Aeroproducts Division was Engineering Projects' president, 40-year-old Werner J. Blanchard. He has designed a constant-speed propeller with hollow hub for light cannon, now has under Army test a prop of new design...
...Treasury Henry Morgenthau had hired able, motor-wise Dr. George Jackson Mead of the National Advisory Committee for Aeronautics to standardize military engine models, up production by bringing as many plants as possible into a field now limited largely to two companies (Pratt & Whitney, division of United Aircraft; Curtiss-Wright); 2) Mr. Morgenthau, Federal Lender Jesse Jones, Tommy Corcoran, et al., in the roles of industrial advisers, were finagling for control...
Biggest merger news in aviation's his tory was Floyd Bostwick Odium's proposal two months ago to turn over $37,000,000 in capital (securities, cash) of his big Atlas Corp. for new stock in Curtiss-Wright Corp., owner of the No. 1 U. S. aircraft& -engine backlog (TIME, April 1). Announced by Mr. Odium with the approval of Curtiss-Wright's President Guy Warner Vaughan, this super-Burbank financial tree-grafting took Wall Street by surprise, filled at least one class of Curtiss-Wright stockholders with articulate alarm...
...weeks ago it became known that the one-year rule has been chucked out the window. Douglas' new bomber, Bell's cannon-carrying pursuit ship Airacobra, Curtiss' P-40D pursuit, the new two-engined Lockheed and Grumman pursuits were released for sale to the Allies. Along with them went the Army Air Corps' most prized engine design: the liquid-cooled, 12-cylinder Allison...
...knows, Britain's Purvis last week gave no breakdown of his first $200,000,000-plus in orders for the newest model U. S. ships. But the general division was soon noised about. To Douglas went the big slice: $75,000,000 for 750 attack-bombers. Curtiss got around $57,000,000 for 1,500 new pursuits. Bell $18,000,000 for 200 Airacobras. To the three engine builders went some $52,000,000, most ($34,000,000) to Allison, already busy with expansion of its Indianapolis plant and making some parts (e. g., crank and camshafts...