Word: icbms
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...stock for a bargain $75,000, later increased its holdings to 95%. Since then, by pouring in funds for research and development, General Tire has helped Aerojet land contracts for a family of 15 rocket engines. At. its two California plants, Aerojet makes engines for the Titan ICBM, each of which produces an estimated 250,000 Ibs. of thrust (v. some 20,000 Ibs. for the biggest conventional jet), also has contracts for a series of smaller engines ranging from the Navy's 1,500-mile submarine-launched Polaris missile to the Army's Nike Ajax antiaircraft rocket...
...becoming an increasingly big percentage of the company's total business. By spending an initial $1,000,000 right after World War II on its Rocketdyne Division, pumping in another $26 million, since then for five plants and test facilities, North American won contracts for the Atlas ICBM power plant, the engines for the Thor and Jupiter intermediate missiles. From a start of five men in 1945, North American's Rocketdyne Division has expanded to 10,500 employees, and its sales of some $165 million (18% of North American's total) last year led the industry. Aerojet...
...known to be designing the Inertial Guidance system of the Navy's 1,500-mile Polaris missile. These scientists say carefully that "efficiency of the equipment is known to have become even greater than in 1953." When the U.S.'s first rocket-powered, space-tunneling ICBM rises on its maiden test flight some time this spring, the chances are that a tiny, precocious descendant of M.I.T.'s 1953 navigator may be at the throttle...
...Paper Factory. R-W makes none of the actual hardware for the ICBM program. What it does is act as technical boss for a project rated twice as complex -and twice as costly-as World War II's Manhattan Project. With Major General Ben Schriever in overall command (TIME, April 1), R-W acts as his technical staff overseeing the 220 major companies in the ICBM missile program. So secret is the job that R-W's green-and-pink headquarters near Los Angeles International Airport is among the most closely guarded plants in the nation. So complex...
Made to Order. Their technical reputations grew so fast that when the Government asked the late great Mathematician John Von Neumann to set up a committee to study the future development of strategic guided missiles, Ramo and Wooldridge were picked as members. The committee decided that the ICBM could be built, turned over its report to the Government which felt that it was too big a job for one company or for the Air Force to handle alone. What was needed was a unique setup-a new civilian technical group that could work under the Air Force and supervise...