AIRCRAFT: Transformation to Peacetime

Post-war planning (TIME, Nov. 3) came out of the think stage and took its place as a debit item in the income statement of a big U.S. corporation last week. United Aircraft, announcing nine-month sales of $203,435,000, also announced a significant new deduction from them: a $4,000,000 reserve* "for the transformation from defense production to a peacetime economy."

United was the first all-aviation company to set up such a reserve. But it was preceded by Sperry Corp., also fat with defense orders, which set aside over $433,000 in the first half of 1941 for post-war "readjustments of facilities and personnel."

United...

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