Word: demisch
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Dates: during 1980-1989
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...scuttled its plans to build a similar model. The engine builder, a division of Connecticut's United Technologies, cut development plans in the 1970s under the parent company's acquisitive chairman, Harry Gray. "Instead of building this engine, Gray * bought Otis Elevator. It was a monstrous mistake," says Wolfgang Demisch, who follows the industry for the Union Bank of Switzerland. The company later suffered "a market-share erosion as severe as any I can bring to mind," said Demisch...
...taking orders for the A330 and the A340, two larger intercontinental planes that are only on the drawing board. To the astonishment of Boeing and McDonnell Douglas, Minneapolis-based Northwest Airlines placed a giant $2.5 billion order for up to 30 of the A330 and A340 models. Says Wolfgang Demisch, who follows the industry for First Boston: "Airbus is now in the big leagues...
...need one new shuttle. We need three or four. The nation's sharpest aerospace analyst, First Boston's Wolfgang Demisch, suggests that a single shuttle will build us right back into the mess we are trying to climb out of. A fleet of four shuttles (three current, one new) will have to work perfectly to meet our needs. "It's like the Soviet economy," says Demisch. "If everything works 100%, it is fine. It never does. When one part fails, the whole system fails. We need a realistic program. We are approaching a national emergency. We are re-creating...
...contract winners include Boeing ($131 million), TRW ($57 million), Lockheed ($33 million) and Rockwell ($25 million). Scores of other star-struck companies, from giant IBM to tiny General Research of Santa Barbara, Calif., have also pushed onto the SDIO payroll. Says Wolfgang Demisch, an analyst at the First Boston investment firm: "SDI is the future of the defense industry. No competitive high-tech company can afford not to be a part...
Boeing has also been hit by the glut in the used-airplane market, where prices keep getting lower and lower. Asks Morgan Stanley Analyst Wolfgang Demisch: "Why pay $30 million for a new airplane when you can get a used one for one-third that price?" The bankruptcy of Braniff Airways last month at least temporarily idled an additional 69 planes...