Word: stearman
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Dates: during 1930-1939
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...smart young men who prowled around among the aviation industry's crack-ups in 1932, looking for a wreck to repair and fly, was Harvardman Robert Ellsworth Gross. After a venture in 1928 with Stearman Aircraft Corp. (which he sold to United Aircraft and Transport Corp. within a year after he bought it) and another with Viking Aircraft, which had a not-so-happy ending in the 1929 crash, he had plenty of ambition but little money in his pocket when he learned that Lockheed was for sale...
...which he raised among friends and business associates) Gross bought Lockheed, had the grass cut, put the watchman back on pay and went to work. From Stearman he hired brilliant, witty M. I. T.man Hall L. Hibbard to head his engineering department. In charge of sales he put smart Carl B. Squier, who had sold Lockheeds for the old company in every corner of the earth...
...North American Aviation, to Boeing's Stearman division, to Aviation Manufacturing Corp.'s Vultee division: $7,707,000 for training planes...
...tailspin was not yet over. Following the 247-D came the slick Douglas DC-1, 2 and 3 which immediately became the darlings of most major U. S. airlines. Even United "went Douglas" eventually. But undaunted Claire Egtvedt kept plugging at the military contracts Boeing and its Kansas subsidiary, Stearman Aircraft Co., have never lacked. An engineer pure and simple, President Egtvedt kept Boeing plants small, while others, like Douglas, were overexpanding. He devoted all Boeing's energies to creating a magnificent new bomber - the great 299, now called YB-17. This four-motored monoplane is the most potent...
...president & treasurer virile, energetic Donald Lament Brown, who joined Pratt & Whitney as factory manager in 1925, quickly rose to vice president in charge of production, was elected president in 1930. Boeing Airplane Co., a $4,310,000 company to acquire all outstanding stock of Boeing Airplane Co. and Stearman Aircraft Co. This new western manufacturing group, with headquarters at Seattle, Wash., will have as president Claire L. Egtvedt. chief engineer of Boeing since 1918, vice president & general manager since 1926. The reorganization, already approved by the board of directors, will be effected by an exchange of stock...