Word: temco
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Dates: during 1960-1969
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First conceived by the Navy in 1962, the plane went into development in 1964 because of its unique serviceability in Viet Nam. Ling-Temco-Vought, maker of the gull-winged propeller-driven Corsair fighter of World War II, produced the first craft in 18 months, has since delivered more than 125 Corsair IIs to the Navy, which has ordered 1,500 (estimated cost per craft: $1.4 million, v. $9.75 million for the F-111B). The Air Force has ordered approximately 500. The Corsair II will replace the Navy's A-4E Skyhawk and the Air Force...
...people. Chairman Rupert C. Thompson Jr. of Textron Inc., a $1.1 billion-a-year complex that makes everything from Sheaffer fountain pens to Bell helicopters, houses his entire headquarters in 1½ floors of a small office building in downtown Providence. So decentralized is Dallas' fast-growing Ling-Temco-Vought that it sets up its subsidiaries in seven publicly owned (but L-T-V-controlled) companies. In that way, explains L-T-V President James J. Ling, each company is "visible to the public and must be viable and capable of standing...
...sharpest corporate skirmishes in memory swirled around Milwaukee last week, as Allis-Chalmers Manufacturing Co. found itself under heavy assault. The battle was joined by James Joseph Ling, 44, chairman of Dallas-based Ling-Temco-Vought, who during a nine-day fight for control of the company had eventually made a tender offer valued at $560 million-one of the biggest ever. But by week's end, staid Allis-Chalmers, which is the area's biggest employer, had delivered L-T-V its first defeat-however temporary-in Ling's long takeover history...
...gain last week. Scurry Rainbow Oil rose $9.50 to $43 on rumors of an ore find and reports (later denied) of a tender offer for the company. National Equipment Rental gained $3.13 to $32.50, and LTV Electrosystems, a separately traded subsidiary of the Big Board's Ling-Temco-Vought, jumped...
Nineteen more showed their wares around the field. Gemini Astronauts Michael Collins and David Scott were there along with the 250-seat DC-8-61, largest passenger jet now in scheduled operation. Experimental craft ranged from Ling-Temco-Vought's V/STOL XC-142 to Martin Marietta's Lifting Body, in which astronauts may some day glide back from orbit. In military aviation, the star of the show was General Dynamics' swing-wing F-lll fighter, flown from the U.S. and shown for the first time abroad. No less anxious to unleash a spectacular were the Russians...