Word: sundstrand
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Dates: during 1970-1979
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...your story discussing the cyclical machine-tool business [Nov. 1], you included the following: "Carl L. Sadler, president of Cincinnati's Sundstrand Corp...
...wish to point out that Sundstrand Corp. is a multidivisional firm headquartered in Rockford...
...Sundstrand Corp...
That would be a healthy rise for most industries, but it is hardly enough to make up for the worst depression in the tool trade since the 1930s. "It's always feast or famine in this business," says Carl L. Sadler, president of Cincinnati's Sundstrand Corp. Orders for machine tools plunged from a high of $1.7 billion two years ago to some $900 million last year, and they will dip to about $750 million in 1971. Because the industry makes the machines that make other machines, it is carefully watched as a sensitive indicator...