Word: piper
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Nuclear Batteries. Passing rapidly over these projects, Engineer Putt expressed enthusiasm for the military satellite that is being developed by Lockheed Aircraft Corp. under the various names of Pied Piper, ARS and Weapon System117L. By next July 1, he said, $50 million will have been spent on the Pied Piper, and $100 million more will be spent in fiscal 1959. The chief failing of present-day satellites is that their batteries run down too quickly to permit them to perform useful military duties such as worldwide reconnaissance. But the Air Force is working on four improved sources of power...
...Piper Comanche, the company's first low-wing, single-engined plane designed to challenge Cessna's virtual monopoly in the medium-priced field. Cruising speed: 160 m.p.h. over a 920-mile range with four passengers. Price...
...private-plane builder, with commercial sales of 2,489 planes worth $33 million (total sales: $70 million). First-quarter fiscal 1958 sales: a peacetime-record $20.7 million for Cessna, a near-record $20.8 million for Beech. Just below Beech and Cessna stands the third member of the Big Three: Piper Aircraft of Lock Haven, Pa., which concentrates on low-priced planes and whose ubiquitous Cub is known the world over. Piper's sales: a record $26.6 million in 1957, but down slightly in igsS's first quarter...
...other end of the price range stands Piper, now run largely by the three sons of President Bill Piper. A successful oilman who made his stake in the early Pennsylvania fields, Bill Piper Sr. started business in 1929 and, like his colleagues, often wished, as he almost went broke, that "I'd never gotten into this aviation business." Yet today, with three modern versions of its Cub plus its $34,990 twin-engined Apache, Piper is solidly in the black and ready to expand...
Cessna 150, an all-metal two-seater designed as the company's first real move into the lowest-price brackets to compete with Piper's fabric-covered Super Cub for the pleasure-flying market. Cruising speed: 115 m.p.h. Price: around $7,000, some $2,000 less than the cheapest four-place Cessna...