Word: thunderjet
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Dates: during 1960-1969
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Once a leading and lucrative aircraft company, Republic turned out the P47 Thunderbolt in World War II, the F-84 Thunderjet for Korea and lately the F-105 interceptor-bomber. But the F-105 contract ends this year, and Republic has been groundspeed slow in diversifying into other defense and space areas. Its earnings last year were $3,600,000 on sales of $362 million; this year sales will be below $300 million-and losses are certain. "The first job," says Uhl, 46, "will be to cut Republic down to size." He intends to reduce personnel and plant to that...
...orders represent quite a victory for Republic and its president. Mundy Peale. Traditionally a one-plane company, Republic built 15,329 of its famed P47 Thunderbolts during World War II, went on to the jet age with another 7.883 of its F-84 Thunderjet series between 1947 and 1957. But when the Air Force budget turned missile-heavy, Republic lost out. Working on the F-105, it had virtually no production in 1958, delivered only 55 planes in 1959 and had no guarantee that the program would not be washed out altogether. Sales tumbled from $547.4 million...