Time Clock, Oct. 20, 1958

HUGE MISSILE CONTRACTS go to Boeing, named over Convair and Douglas to be prime contractor for solid-fuel Minuteman system, with variable ranges from 500 to 5,500 miles (TIME, March 10). In next few years, Boeing will share in $10 billion to $12 billion worth of Minuteman business.

NEW CREDIT-CARD DEAL will allow holders of American Express cards to charge auto parts and service with Big Three dealers. Letters endorsing the plan were mailed by General Motors to 16,000 dealers, by Ford to 8,900 dealers, by Chrysler to 8,000 dealers.


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