Word: p47
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...threat of an attack by Soviet intercontinental bombers. Both the threat and the alert have proved to be enduring. This week the U.S. Air Defense Command (ADC) rounds out 15 years of continuous, round-the-clock alert status-and it has come a long way from the time when P47 Thunderbolts and F-51 Mustangs were among the hottest items in its inventory...
Once a leading and lucrative aircraft company, Republic turned out the P47 Thunderbolt in World War II, the F-84 Thunderjet for Korea and lately the F-105 interceptor-bomber. But the F-105 contract ends this year, and Republic has been groundspeed slow in diversifying into other defense and space areas. Its earnings last year were $3,600,000 on sales of $362 million; this year sales will be below $300 million-and losses are certain. "The first job," says Uhl, 46, "will be to cut Republic down to size." He intends to reduce personnel and plant to that...
...orders represent quite a victory for Republic and its president. Mundy Peale. Traditionally a one-plane company, Republic built 15,329 of its famed P47 Thunderbolts during World War II, went on to the jet age with another 7.883 of its F-84 Thunderjet series between 1947 and 1957. But when the Air Force budget turned missile-heavy, Republic lost out. Working on the F-105, it had virtually no production in 1958, delivered only 55 planes in 1959 and had no guarantee that the program would not be washed out altogether. Sales tumbled from $547.4 million...
Died. Ralph S. Damon, 58, president of Trans World Airlines; of pneumonia, in Mineola, N.Y. Energetic, inquisitive Harvardman ('18) Damon learned to fly before he learned to drive a car, was an air cadet in World War I, put the famed P47 Thunderbolt into mass production in World War II. Air travelers are in debted to Damon for helping develop 1) the first all-sleeper transport plane, and 2) low-cost tourist travel on both domestic and international lines...
...investigators were considering the request when another event took the decision out of their hands. The rebels sent out a P47 Thunderbolt that impudently buzzed an O.A.S. observer plane and went on to bomb and strafe the town of Liberia. At the same time, invaders' infantry and Figueres' volunteers met in a clash just north of Liberia. A few hours later, at 2 o'clock one morning this week, the council met again in emergency session and grimly voted to ask the U.S. to sell Costa Rica four P-51 Mustang fighters. That afternoon the planes were...