Word: titan
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...allow in a nose cone. A solid-fuel missile like the projected Air Force Minuteman ICBM (due in 1963) would be badly overloaded with a heavy copper nose. Now the Minuteman will reportedly get a sharper, ablative nose, as may later advanced versions of the liquid-fuel Atlas and Titan, thus returning advanced missilery to orthodox streamlining...
GUIDANCE SYSTEM for missiles that defies enemy jamming has been developed by American Bosch Arma Corp. for Titan ICBM, and company will adapt it for use in Atlas ICBM. Air Force calls system a "major breakthrough," is now planning to give sizable new Government contract to American Bosch...
Orbits & Torpedoes. At Aerojet-General Corp. last week, the Air Force's huge Titan was only one of a score of missiles whose power comes from the nation's biggest rocketmaker. Aerojet's "solid-propellant guys" were hard at work on the Navy's 1,500-mile Lockheed Polaris as well as a flock of deadly birds named Hawk, Sparrow, Bullpup, Genie. Last week Aerojet blasted off on two new projects involving several exciting new technologies...
Today, though rockets for the Titan and Polaris missiles still account for the bulk of Aerojet's business, the company is moving fast across the whole spectrum. It formed an Astronautics Laboratory in 1956 to pursue abstract proposals for space flight, acquired two small companies to get ideas and lab space. An ordnance engineering division was set up to explore automation. A third new division, Aerojet-General Nucleonics, is about the most successful of all. Founded two years ago to study the application of nuclear energy to rocket propulsion, it soon went far beyond. The division, says President Kimball...
...that all this research comes high. In its 16 years Aerojet has paid only one common-stock dividend. All the rest of the profits go for research in a ratio that holds company expenditures to 30% for production and 70% for research each year. Eventually, probably by 1960 when Titan and Polaris are in production, Aerojet will pay its stockholders regular dividends. But never so much that it cannot lay a big bet on any exciting new field that opens...