Word: oerlikons
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...export profits and non-repayable cash grants of up to half the cost of plant and equipment, some 500 new factories have gone up in Ireland. About 350 are foreign-owned, and the roster includes IBM, General Electric and Olin from the U.S., Plessey from Britain, Switzerland's Oerlikon, South Africa's De Beers, The Netherlands' Verolme United Shipyards and Germany's Liebherr. The Irish Industrial Development Authority, under Michael Killeen, 43, a former head of the Irish Export Board, will spend about $70 million this year to help attract and finance still more new industry...
Moving to back up B.B.C.'s technological clout with more efficient production, Schmidheiny last spring completed a merger with Maschinenfabrik Oerlikon, Switzerland's second biggest electrical company. And only last month, shortly after winning the huge American Electric and TVA orders, he signed up another U.S. ally. Brown, Boveri and North American Rockwell Corp. announced plans to study ways of mating the U.S. company's nuclear know-how with B.B.C.'s turbine technology to enter the mushrooming American market for atomic-power plants...
...month, the nation's two leading par ties had been locked in a noisy wrangle over defense spending, and in the midst of it, conservative Defense Minister Georg Prader was hard put to explain how he blew this year's entire arms budget on 36 Swiss Oerlikon antiair craft guns. That brought the self-righteous charge from a Socialist Party news paper that the price of one Oerlikon would pay for 125 new workers' apartments. More to the point, however, was the fact that although the Oerlikon is deadly against low-flying planes, its maximum range...
...chances. "One bullet for the President now will be worth 25,000 later." was the terrorist slogan, and Tomas was accompanied everywhere by 58 security cops armed with machine pistols. Last week, as the President cruised along the reed-grown shores of Lake Nyasa and contemplated the 20-mm. Oerlikon cannon at his vessel's bow, he aptly expressed his nation's position. "I find great pleasure," Tomás proudly told his naval aides, "in crossing these Portuguese waters...
Died. Emil Georg Buehrle, 66, multimillionaire art collector and sole owner of Switzerland's vast armaments-making Oerlikon Machine Tool Works; of a heart attack; in Zurich. German-born Weapons-Maker Buehrle, reputedly Switzerland's richest man, got his firm blacklisted during World War II by peddling his 20-mm. antiaircraft gun to the Axis...