Business & Finance: Defense Specialists

OPM last week figured that six U.S. corporations held 31.3% of the $9,839,000,000 Army and Navy supply contracts issued in the year ended May 31. This startling statistic has one simple explanation: munitions are a specialized product that few U.S. companies as yet know how how make. The big six:

Bethlehem Steel $927,000,000

New York Shipbuilding 507,000,000

General Motors 490,000,000

Curtiss-Wright 444,000,000

Newport News Shipbuilding 389,000,000

Du Pont 318,000,000

Holding the next 43% of all contracts issued during the same year period were 50 other concerns. Among them: Glenn Martin ($249,100,000), Consolidated Aircraft ($226,400,000), U.S. Steel ($209,900,000), Electric Boat ($126,100,000), Republic Aviation ($57,300,000), Savage Arms ($27,200,000).

But OPM's statistic...

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