Word: temco
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Dates: during 1950-1959
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...Martin from 62½ to 38¼, Douglas from 59¼ to 46, North American from 52⅝ to' 37¼, Grumman from 30¼ to 24⅜. In the past fortnight, nine aircraft stocks scraped new 1959 lows. Among them: McDonnell, Bell, Temco, Northrop, United Aircraft...
Giftmanship involves so many that some companies spend $100,000 or more on gifts alone each Christmas. Expense is the least of it. How does a donor ever decide who gets what? Dallas' Temco Aircraft learned that the "who" had to include just about everyone. It stopped giving altogether because it might spend weeks working on a list, then forgot one important customer who was so offended that all the good work was undone...
Cleaning Up. Republic has lent $1 billion to finance oil drilling, more than any Southwest bank. Florence was a chief mover in bringing Temco Aircraft to Dallas, which in turn helped persuade Chance-Vought to come. He also helped organize Lone Star Steel Co., biggest in Texas. Partly to persuade big Texas borrowers that it was no longer necessary to go to New York, Florence gave Republic the most impressive face in Dallas-a $25 million, 40-story building sheathed in aluminum. The skyscraper has acted as a magnet to bring Dallas such other structures as the new Hotel Statler...
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...
...owns 60% of the American Security Insurance Co., has $250,000 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...