Word: vought
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last week Ling wanted something else: Chance Vought Corp., the oldtime aircraft company turned missile and electronic producer. Ling, willing to spend more than $6,500,000 to get a company that grosses $215 million a year, had quietly bought 17% of the company's 1,190,540 shares. Then, even though the stock was selling at $39.88 a share, he announced that he would buy at least 150,000 shares more for $43.50 each. Chance Vought President Frederick O. Detweiler promptly denounced the offer; he said the price was little more than the book value of the stock...
Neat Fit. Chance Vought fits neatly into Ling's plans to build Ling-Temco into a power in the electronic communication field. Besides its missile and electronics skills, it has a large plant next door to Ling-Temco's outside Dallas. Plant facilities are among Ling's most urgent needs for the expansion he sees ahead...
Corp. (51% owned by Chance Vought Aircraft) is developing a scanner: so is Cambridge's Baird-Atomic, Inc., which is working on a scanner for the Air Force that is able to read Russian, then feed it to a computer that translates the words into English. Though all employ similar principles, each machine differs considerably in detail, and the makers guard their secrets carefully...
...Navy was understandably in no hurry to advertise Lieut. Barnes' embarrassment-or its own. But Chance Vought Aircraft, Inc., makers of the plane, thought it too good a story to keep-as if the brief flight proved something special about their plane instead of something forgetful about the man who flew...
...CHANCE VOUGHT AIRCRAFT, hard hit by defense cutbacks, will become a major maker of mobile housing units. It bought two house-trailer manufacturers, General Coach Works, ABC Coach Co., and will add a third, Mid-States Corp. Three firms' combined 1959 sales: $60 million...