Word: fairchilds
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...drop was general. Fairchild Camera, one of the higher flyers, sagged 91 points. So-by 3¾ points did IBM, one of the bluer chips. In all, the Dow-Jones industrial average, which measures 30 key stocks, fell 12.42 points...
...border manufacturing" little more than a year ago, 34 U.S. companies have come on down. In and around honky-tonk Tijuana, 17 miles from San Diego, more than a dozen new plants have sprouted to produce such things as magnetic memory cores for Litton Industries and power transistors for Fairchild Camera. Factories in Mexicali make integrated circuits for Raytheon and motor parts for Western Gear. In Nuevo Laredo, southwest of Laredo, Texas, Mexican workers are doing everything from making electronics parts for Transitron Electronic Corp. to sorting supermarket "cents-off" coupons for the A.C. Nielsen Co., the big TV-rating...
Though it has yet to win a single order for the F-228, Fairchild Hiller is enthusiastic about its chances. "We could sell at least 40 of them right now if businessmen knew when and if the 7% investment tax credit would be reinstated," says James T. Dresher, general manager of the company's aircraft division. Dresher forecasts that the eventual U.S. market will be 260 to 460 planes, expects worldwide sales to reach 600 or 800 once they begin to roll off the company's production lines in 1970. And along with sales prospects among airlines, Fairchild...
Doubling Sales. The F228 flies in the prop wash of Fairchild Killer's ubiquitous C-119 Flying Boxcars and C-123 transports. Financially troubled during the late 1950s after these contracts ended, the company flew low for a few years, picked up altitude with orders for its F-27 and F227 propjet airliners and for helicopters. In September 1965, Fairchild Hiller acquired Republic Aviation Corp., suffering at the time from production phase-outs of the F-105 fighter-bomber, and subsisting on F-105 modification orders and subcontracts from other aerospace companies...
Since then, Fairchild Hillers sales have climbed from $115 million to $210 million for 1966. Along with the F-228, the company is engaged as a major subcontractor on the McDonnell F4, the Boeing 747, the SST, and it is working with West German designers on what could be a multibillion-dollar verticaltakeoff and landing aircraft. With such projects under way, Fairchild President Edward G. Uhl's forecast of doubled sales within the next six years seems somewhat conservative...