Mergers: Into New Territory

Anxious to hedge against future uncertainties, U.S. aerospace companies have lately been moving to diverse and often unfamiliar fields. Last week huge North American Aviation Inc. not only staked out some particularly down-to-earth territory but got ready to pick up a new name as well.

President and Chairman J. Leland Atwood, 62, of North American, and Willard F. Rockwell Jr., 53, president of Pittsburgh's automotive-parts-making Rockwell-Standard Corp., announced plans to merge into a new corporation to be known as North American Rockwell Corp. With sales of some $2.6 billion a year, the combine will rank among the top 15 U.S. corporations.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!