Word: hillers
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Dates: during 1960-1969
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...today, the main lift in the industry's fortunes has come from Viet Nam. The Defense Department last year took 80% of the $875 million output of the seven major producers: Textron's Bell Helicopter, Boeing-Vertol, United Aircraft's Sikorsky Division, Kaman, Hughes Tool, Fairchild-Hiller and Brantly, which was acquired last week by Lear Jet Corp. This year the Pentagon will spend $1.3 billion for 3,156 choppers, absorb 90% of U.S. production...
...lured from a Corning Glass vice-presidency nine years ago with a stock option offer of 23,800 shares (he now owns 52,250 shares worth almost $11 million). Sherman Fairchild withdrew discreetly to the board, has been more concerned with his chairmanship of the completely separate Fairchild Hiller aerospace firm, which recently bought Republic Aviation...
...less than $20) have jumped 39% above, their midyear lows. The most vigorously traded stocks lately have been highly speculative issues that have climbed spectacularly from their lows earlier this year. Among them, Transitron is up from 5 to 12⅛, Ampex from 13⅜ to 26⅜, Fairchild Hiller from 7 to 21, and SCM from...
...play a round of golf with him, and fly him back to his office the same day. Outside Washington, a developer is turning the Montgomery County (Md.) airport into an airpark, already has 170 aircraft based there. A golf-cart manufacturer is building beside the airstrip, and IBM, Fairchild Hiller, Sprague Electronics, Bechtel Corp., and the National Bureau of Standards are building nearby...
Bargain Hunters. One result of this mood was a buying rush for bargain-priced shares, notably of such electronics and aerospace companies as Fairchild Hiller, Avnet, SCM and Ampex. Airlines, chemicals and drug issues spurted, many of them faster than leading industrial blue chips. Boeing (up 81 points for the week) reached a new high for the year; so did Lockheed, RCA, General Electric, IBM and Xerox. Small investors were buying strongly, but brokers also noted active trading by institutions...