AVIATION: Cousins Marry

Last week big, hearty, 51-year-old ex-Steelman Harry Woodhead, chairman of Vultee Aircraft (military planes), announced that his company would buy Stinson Aircraft Corp. (private planes). The price: 302,168 shares of Vultee, or about $2,265,000 at the market price of Vultee stock.

Vultee began in Downey, Calif, in 1932, exported to China, Brazil and Turkey, became famous for its V11 fast attack bomber in 1935. The still faster V12 was eagerly bought by Russia (for the design) and China (for fighting Japs).

This year, in the Vanguard interceptor pursuit, Vultee produced one of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!