Word: raytheon
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...Youngwood, Pa. and Sprague Electric in Concord, N.H. ; Philco bought a 100,000-sq.-ft. factory in Spring City, Pa., RCA is moving into a 120,000-sq.-ft. factory at Bridgewater, N.J.; Texas Instruments Co. is planning a plant on a 250-acre site near Dallas; and Raytheon is expanding its Newton, Mass, facilities...
Rallies & Retreats. Only then did the market leaders start moving. Thanks to the specialists, most of the leading stocks had props to keep them from tumbling too far. Even so, the drops were bad. Raytheon Manufacturing Co. soon went on the board with 16,000 shares sold, down 3 points from the previous close of 17½. At 10:30, Royal Dutch Petroleum opened with 14,000 shares, down 10 points from 86. Slowly, other blocks appeared on the tape: 15,600 shares of Standard Oil of New Jersey, off 10⅛ from 139⅛; 17,000 shares of Cities...
Durable Portable. Raytheon has introduced a portable radio that will play for 2,500 hours (two years of normal family listening) without a battery change. The long-play Super-T is powered by a small "A" pack battery (operating cost: .16? an hour), which is cheaper to use than home current. The 8-lb. set uses transistors instead of short-lived vacuum tubes, will also play for 500 hours on four standard flashlight batteries. Retail price...
...sailboat skippers, the biggest eye-catcher was Luders Marine Construction Co.'s racy 40-ft. sloop, made from molded mahogany plywood, the biggest molded plywood hull yet made. Price: $38,500. For cruising yachtsmen, both power and sail, the electronics industry had some new gadgets. Both RCA and Raytheon displayed new lightweight radar and sonar sets that could search out schools of fish as well as tell the precise depth of the water. Bendix even has a radar set for close-in navigating that shows objects as near...
...center to the $46 million Lake Meadows slum-clearance project and a $6,000,000 pretzel plant for Nabisco. Nobody who toured the ribboning express roads around Boston could conclude that New England is dying on the vine. Whole new industrial centers are springing up, with such companies as Raytheon, Polaroid and Sylvania building long, low modern factories to take up the slack in textile employment. And in Dearborn, Mich., Ford was celebrating one of the best sales years in its history by building a new, twelve-story administration building...