Word: kaisers
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REYNOLDS Metals and Kaiser Aluminum are likely to bow out of the Air Force's ill-fated heavy press program (TIME, June 29), and Harvey Machine Co. may do so too. Reason: the Air Force, which was to supply funds to construct buildings to house the machines, has shifted the expense to the operators. If all three companies abandon the program, the Air Force will be left with only ten presses of the 20 it had once planned, and only six companies to run them...
...Kaiser Motors, which has already been paid $150 million for the 55 Boxcars it has delivered, will be permitted to finish eleven more C-119's with parts ready for assembly. On top of what it had paid for the planes, the Air Force had poured $30 million into tooling up for C-123's at Willow Run and committed $40 million more to Chase Aircraft for design and engineering (Kaiser still has subcontracts for plane parts). Whether Kaiser could keep Willow Run going was anybody's guess. There was talk that the plant might start producing...
...Fairchild itself is building for only $260,000 each (TIME, June 15). The Air Force denied that this caused the cancellation, but nobody believed it. The Air Force, fighting to restore some of the cuts in its 1954 budget, obviously wanted to drop an operation criticized as wasteful. Henry Kaiser and Edgar had done their best, before the hearings broke up. to acquit K-F of this charge. In a 22-page prepared statement, and an 88-page memorandum passed out to the press, they detailed Kaiser-Frazer's tribulations...
...Kaiser Motors, said Henry, had started from scratch on the C-119's, had to learn all about the new job and write off its enormous tooling costs against only 159 planes. The cost of producing the first C-119's was high, as is usual in mass production, but with production increasing, mistakes corrected and short cuts discovered, the cost curve would fall rapidly...
Fairchild, on the other hand, had the advantage of a Government-furnished plant, said Kaiser, with a large part of its tooling costs written off against a great many more planes, specifically 200 C-82's (forerunners of the C-119's) and some 400 Boxcars. It was also unfair to compare costs between the two planemakers. said Kaiser, because the C-119 made by Fairchild is not as difficult to build as the modified C-119 being made at Willow...