Word: mcphersons
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...BILLY C. MCPHERSON Evans City...
...transport last week and has a $2.1 billion backlog of military orders, estimates that it will have to borrow between $150 million and $200 million to meet payrolls and other costs. But after all the rumbles of wholesale layoffs shutdown plants and delays in plane deliveries, Boeing President William McPherson Allen seemed satisfied with the new targets. He expected to escape ''precipitous'' job cutbacks; he also predicted that both the Air Force's production schedules and Boeing's booming profits would remain intact...
...tests against high-flying drones; the Air Force now calls its accuracy "superior." With B-52 production slowed down, at least temporarily, the new Bomarc should give Boeing a cushion against the trend to more missiles and fewer manned planes in the U.S. defense budget. Said Boeing President William McPherson Allen: "From now on, Bomarc will increasingly become one of our major concerns...
...increase in their capacity by 1965, another 25% by 1975. Others are just as optimistic. Planemakers, who have the biggest backlog ($3.5 billion) of civilian plane orders in their history, feel that they are just getting started. "Of course I'm bullish," says Boeing President William McPherson Allen, moving his finger along an upward-slanted line on a chart. "The volume of airline traffic is bound to go up like this each year, between 10% and 15%. The jet will tend to accelerate it by shrinking the world...
Died. Samuel McPherson ("Golf Bag") Hunt, 55, legendary disciplinarian for Al Capone, who scorned the traditional violin case, jolted fashion-conscious Chicago colleagues by carrying his submachine gun where his mashie should have been (and reputedly dubbed his first shot, whose target survived to be known as "Sam Hunt's Hole in One"), was arrested for many Chicago murders, convicted for none during Prohibition years and the decade following, later became the man to see in Chicago bookmaking; of heart disease and pneumonia; in Schenectady...