Out from the Pentagon in Washington last week went a flurry of wires to the aircraft industry saying: get ready. President Truman had signed the 70-group Air Force bill, and the Air Force and Navy were about to give out some fat new plane orders. To planemakers, fogged in by losses of $33,000,000 last year, it looked as if the weather were finally clearing.
The industry was heartened not only by the $3.2 billion the Government would spend for 4,262 aircraft, but also by the way it would spend it—over a period of...
To continue reading:
or
Log-In