Word: textron
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...Textron...
...week, no one was quite willing to say. Hall himself remained incommunicado in his expensive Houston home, emerged at one point in his bathrobe to shoo newsmen away. Outsiders could only recall the boast of one Westec official last May that, while Westec was not yet "a Litton, a Textron or other industrial giant, it is our intention to earn a position among such a line-up." Some lineup...
...With all due respect to the helicopter industry, permit us to take exception to your statement referring to the Bensen gyrocopter as "the closest thing to a flying chair yet made by man" [May 27]. Textron's Bell Aerosystems Company has been flying for nearly a year a rocket-propelled device known as the Flying Chair. In addition, Bell has developed another rocket-propelled device, the Pogo Stick. These devices have been flown more than 2,500 times with 100% reliability. The Flying Chair doesn't quite match the flight duration of Mr. Bensen's craft...
Though the number of helicopters in commercial use has climbed from 936 in 1960 to 2,390 today, the main lift in the industry's fortunes has come from Viet Nam. The Defense Department last year took 80% of the $875 million output of the seven major producers: Textron's Bell Helicopter, Boeing-Vertol, United Aircraft's Sikorsky Division, Kaman, Hughes Tool, Fairchild-Hiller and Brantly, which was acquired last week by Lear Jet Corp. This year the Pentagon will spend $1.3 billion for 3,156 choppers, absorb 90% of U.S. production...
...buying or selling mood. Each of the major investment bankers commonly has partners on 50 or more corporate boards, also raises capital and sells financial advice to perhaps 100 important companies and has contacts with hundreds of other firms. These bankers know that such companies as Litton Industries, Textron, I. T. & T. and Genesco are so eager to expand that they have set up staffs of their own to search out possible merger mates. They also know that the cigarette manufacturers want to acquire food, beverage or candy firms as a hedge against the cancer scare; last week, for example...