Word: subcontractors
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Dates: during 1950-1959
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...Raytheon really went after military contracts, now does 80% of its business with the Government. It is the only U.S. electronics firm with prime contracts for two mass-production missiles (the Army's ground-to-air Hawk and the Navy's air-to-air Sparrow III), is subcontractor for electronic devices for twelve other missiles and for equipment for the 6-52 and the 6-58. It is also manufacturing transistors, and their successor spa-cistors, for everything from field radios to satellite innards, hopes to raise its $60 million-a-year civilian business to $150 million...
...William J. Brennan) handed down a decision that seemed to jostle McCulloch v. Maryland in the eyes of the four dissenting members (Felix Frankfurter, John Marshall Harlan, Harold Burton, Charles E. Whittaker). At issue: a property tax levied by the city of Detroit on the Murray Corp., a subcontractor manufacturing airplane parts for the U.S. Air Force. The city assessor counted as taxable property some $2,000,000 worth of parts, materials, etc., which were chargeable to the U.S. Government and were labeled as U.S. property. Ruled the court majority, in effect: the city was taxing not the federal property...
MISSILE PRODUCTION will be started by Temco Aircraft Co., No. 1 U.S. airframe subcontractor. Dallas firm has just won $16 million Navy contract to develop secret new missile, will increase its 750-man engineering force...
...Long in the business of making fertilizer from sewage, the Milwaukee City Sewerage Commission got into a new line through a commercial subcontractor: extracting the growth-vital, anti-anemia vitamin B12 from the fertilizer...
...invested in four auto finance companies. In 1945 Investor Moore was one of a half-dozen businessmen to take over North American's idle Dallas airplane plant, helped organize the Texas Engineering and Manufacturing Co. Temco now grosses $72 million a year as an Air Force subcontractor, with profits of $2,668,210. Says Millionaire Moore, who owns 85,534 shares of stock: "Getting in on the ground floor of anything is the surest way to make big gains. You put in $25,000 and suddenly it's worth a million and a half...