Word: pentagons
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Dates: during 1960-1969
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Gamble That Paid. Carter has diversified all through electronics, and has concentrated on the civilian market instead of defense business because he does not like the Pentagon's renegotiation of contracts. The best thing that happened to Carter was the arrival in 1957 of eight bright young scientists from the Shockley Semiconductor Laboratory, led by Dr. Robert Noyce, who walked in the door with the idea of making transistors of silicon. Fairchild gambled $7,000,000 on the idea and won. Noyce, now 38, is head of the Semiconductor Division, which contributes more than 50% of Fairchild...
Meanwhile, Correspondent Arthur Zich, who had witnessed combat for more than a week with the U.S. 1st Air Cavalry Division, was relieved by Karsten Prager, who flew in from Hong Kong. Also on hand were TIME'S Pentagon correspondent. John Mulliken, and Stringer Zalin Grant. In the midst of the hectic week, McCulloch learned that his seven-year-old son David had undergone a successful emergency appendectomy in Hong Kong. "The jolt," said McCulloch later, "was at least partially absorbed by fatigue and activity...
...peaceful exploration of space, demanded airborne equipment bulging with electronic innards. As a result, the traditional airframe industry broadened into today's aerospace industry, in which such non-planemakers as IBM, Bendix and General Electric play critical roles. Soon a new business climate emerged. At the top, the Pentagon made shrewd use of its monopsony-one customer but many suppliers-to foster competition. To meet the unsparing military demand for excellence, companies undertook research and development on a hitherto undreamed of scale; today engineers and scientists constitute a third of Lockheed's work force against only 5% during...
...whole industry hustles for the $16.3 billion a year of Government aerospace business. Lockheed not only keeps a 22-man Washington team circulating among the Pentagon, NASA, the FAA and Capitol Hill, but deals with 300 separate offices and agencies of Government through 17 sales offices across the U.S. Representatives at every NASA installation and most major military bases teletype weekly reports to Burbank on what hardware these key customers are likely to want next. To sell abroad, Lockheed has created a "foreign service corps" that includes many influential Europeans. The company hired the Duke of Edinburgh's equerry...
Died. Leonard Heinrich, 65, armor expert at Manhattan's Metropolitan Museum of Art, who in 1941, after a Pentagon call for something better than the antiquated "tin hat" helmet, designed the low-slung M-4 "steel pot," used in World War II, Korea and now in Viet Nam; of a heart attack; in Clarksville...