Word: mathieson
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...last week took an old-fashioned ax to the next generation of U.S. military aircraft in what may well be the start of a new cutback in aircraft and missile programs. The Air Force announced that it was abandoning plans to produce high-energy boron aircraft fuels at Olin Mathieson Corp.'s two-city-block, $45 million plant near Niagara Falls, which was scheduled to deliver its first batch of exotic fuel this month. It also canceled a contract with the General Electric Co. for producing the J-93-5 engine to power North American Aviation's "chemical...
Chemicals 1958 1959 Du Pont $3.08 $4.61 Wyandotte .14 1.22 Freeport Sulphur .79 .91 Union Carbide 1.66 3.00 Olin Mathieson .74 1.32 Thiokol .22 .65 Rails 1958 1959 Pennsylvania Railroad loss $ .48 New York Central Railroad loss 1.56 Miscellaneous RCA $ .86 1.29 B.F. Goodrich 1.60 2.18 Kennecott Copper 2.07 4.32 Libbey-Owens-Ford .57 3.16 Pepsi-Cola .85 .97 American Machine & Foundry 1.38 2.27 Texaco 2.37 2.79 National Distillers .88 1.05 National Cash Register .96 1.07 Phillips Petroleum...
Accused by FTC of a "dangerous attempt" to create a monopoly in tetracycline and such related drugs as Aureomycin and Terramycin were: American Cyanamid Co., biggest antibiotic maker; Chas. Pfizer & Co., second biggest; Olin Mathieson, Upjohn, Bristol-Myers and its subsidiary, Bristol Laboratories...
Thiokol has set its most ambitious expansion for next week: a merger with Reaction Motors Inc., a major maker of liquid-fuel rocket engines (TIME, May 27), owned 49% by Olin Mathieson Chemical Corp. and 23% by Laurance Rockefeller. The merger will give Thiokol all of Reaction's $16.5 million missile contracts, including those for the liquid rocket engines for North American's piloted X-15 plane, which is expected to climb to 100 miles, and may well be the first step to manned outer-space travel. With Reaction (1957 sales: $24 million) Thiokol expects to swell...
...mustered by McElroy last week to serve in effect as management consultants - the Air Force's General Nathan Twining, chairman of the Joint Chiefs of Staff; Admiral Arthur Radford and Army General Omar Bradley, Twining's predecessors as J.C.S. chairmen; William C. Foster, Washington industrial ist (Olin Mathieson Corp.) and former Deputy Defense Secretary (1951-53); Charles Allerton Coolidge, Boston lawyer and former Assistant Defense Secretary (1951-52). (Absent member: Nelson A. Rockefeller, part-sponsor of the Rockefeller Report, which recommended an overhauling of Pentagon organization -TIME...