Word: vought
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...west of the beach, aboard the mighty 60,000-ton supercarrier Saratoga, pride of the Sixth Fleet, the Navy's job for the day was to pound Douglas AD Skyraider bombers and Chance Vought F8U1 Crusader fighters out of steam catapults into a Mediterranean haze amid jet engine roars, catapult cracks, clouds of hissing white steam. The mission: to show the silver of Navy air power over Lebanon. But Saratoga's jet pilots, like all Navy pilots off Lebanon, got word to steer clear of a certain point just south of the predominantly Moslem port of Tripoli. Reason...
...Chance Vought Aircraft...
...Navy signed a $100 million contract to procure the F8U-3, an advanced all-weather jet fighter, from Chance Vought Aircraft Co., Dallas...
Built-in Cushion. Most other plane makers admitted to austerity, but they were not alarmed. Washington had tipped them months ago to the coming cutbacks, and they had slowly geared for them. To cushion the drop in F8U production, Chance Vought is counting on missile contracts for its Regulus and heavy orders for a faster, improved all-weather F8U, which it now has on the drawing boards. Douglas figures that its $2.5 billion backlog and its big business in missiles and commercial jets can easily absorb the slack of the Skyhawk stretch-out. And to help offset the stretch...
...backlogs and sales are fat. United Aircraft reported last week that first-half shipments rocketed to $604 million from $458 million at the same time last year, and earnings reached $26 million, v. $21 million. McDonnell's sales are 24% ahead of last year's rate. Chance Vought's sales are 72% ahead of the 1956 period, and the June 30 order backlog reached $467 million, up $200 million from a year ago. While some plane makers fear that sales and profits will nose down next year, they will still be big enough to keep the industry...