In its 1952 annual report, Douglas Aircraft Co. this week lifted some of the secrecy surrounding hush-hush projects. The company has put two guided missiles on an assembly line and production is up 60% over 1951. It is also spending "hundreds of millions of dollars" on 15 other missile projects. In the commercial jet transport race, Douglas' entry is now in wooden mock-up and $1,000,000 has been spent on it.
Overall, Douglas had its best peacetime year. Sales, 87% military, were $522.6 million, more than double 1951's $225.1 million. Net profit was up ($10,792,285 v. $6,912,829 in 1951) along...
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