Word: grummans
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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...
Healthy Hellcats. In the sick aircraft industry, Grumman Aircraft Engineering Corp. was hale & hearty. Grumman, whose wartime Hellcat and Avenger designs and production earned it fat postwar Navy orders, declared a $1.50 dividend, bringing its 1947 total...
...trend toward new materials and new construction methods was best shown in small boats. On hand were: unsinkable aluminum "Air Skiff" dinghies made by Douglas Aircraft Co., Inc. (price: $250 & up); Grumman Aircraft Engineering Corp.'s new aluminum dinghy, along with its older aluminum canoe; magnesium rowboats of the Dow Chemical...
While other planemakers raced to produce cheaper planes for a wider market, soft-spoken Leroy Grumman galloped off in the other direction. This week his Grumman Aircraft Engineering Corp. announced its postwar commercial model, the Mallard, an eight-to-ten-passenger amphibian with lush-plush custom-tailored interior. Price: $100,000 & up (depending on the interior arrangement selected...
...plane was built for well-heeled businessmen and corporation executives who want to go anywhere, any time at 180 m.p.h. Other possible buyers: sportsman pilots, newspapers, which have already shown an interest in Mallards with built-in darkrooms, the Navy and Coast Guard, long Grumman's best customers...