Rearmament has so far meant much to only a few U. S. industries—chiefly those which make war machinery for air and sea. One U. S. company which makes war machinery for both air and sea is Sperry Corp. What rearmament has meant for Sperry was told in part last week in that company's report for the first half of 1939.
No slump but a record year was 1938 for Sperry Corp. This year working overtime to turn out antiaircraft equipment, searchlights, airplane instruments, and deep-sea gyro equipment, Sperry netted a thumping $2,469,576 ($1.23...
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