AVIATION: Pot o' Gold

In fiscal 1949 and 1950, said Air Force Secretary W. Stuart Symington, the Air Force would spend $1,345,165,000 for new planes. New Navy orders swelled the total to nearly $2 billion for 3,366 planes. It was much more than the industry had expected. About half the business went to airframe manufacturers, half to engine and equipment makers.

The biggest chunk—upwards of $200 million—went to Boeing, which got the bulk of the bomber orders. Orders for 162 more of its huge B50 Superforts will bring its total backlog close to $500 million. Expanding...

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