Word: willful
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Dates: during 1950-1959
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Since 1957, Government budgeting for manned aircraft has slid from $8.4 billion to $6.6 billion; missile procurement soared from almost nothing a few years ago to $3.9 billion this year (see chart). Within five years, the split will be fifty-fifty.
Other unions did not wait for steel to set a wage pattern, pushed in for the best deals they could make.¶ One hour before the expiration of a three-year contract, the United Packinghouse Workers and the Amalgamated Meatcutters got Armour's signature to a two-year contract...
¶ Sensing a good moment to strike the first blow, eleven nonoperating rail unions served notice on the nation's railroads that when the present three-year agreement expires on Oct. 31, they expect wage increases of11? (earlier the five operating unions demanded increases of 12-14%). But management...
Almost every dollar the U.S. commits to missiles is squeezed out of some plane program. All told, the U.S. will order only 1,500 planes this year compared with 1,760 last year. Next year the cuts will be bigger. Of the fabled Century series of supersonic fighters, the fiscal...
Woe on Wall Street. To exist in the new age of missiles, some planemakers have already drastically changed their companies. Some are still hustling to do so, and some face the grim prospect that they must either merge with a bigger company or shut up shop. The change has already...