Word: backlogging
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Dates: during 1950-1959
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President Dick Boutelle, a plain-talking, shirtsleeve executive who moved up from plant boss in 1949, has plenty of other products to keep him hustling. He still has a big backlog of Air Force C-ngs, and three Fairchild plants on Long Island are busy making everything from components for J47 turbojet engines to Fairchild's own J44 turbojet to power the Firebee robot target plane. Fairchild is also 1) working on a new, 25-ton pocket submarine, and 2) experimenting with a small lightweight earthmover that can be carried...
With the new order for Chase Avitrucs, Fairchild's backlog has zoomed to nearly $600 million. Last year the company grossed $141,642,703, and its $3,148,621 profit was the highest ever...
...canceled orders for 420 T36 trainers placed with Beech and Canadair, recalled 37 C-54 transports that it had leased to airlines. The Navy also canceled Temco Aircraft's "secondary source" contract for some 100 F3H-1 Demon jet fighters. McDonnell Aircraft, the primary supplier, was unaffected. Current backlog of all aircraft orders: $18 billion, enough to keep the industry busy for more than two years...
...four months. Brazilian Ambassador Walther Moreira Salles also got word that another $48 million worth of electric-power loans would probably be granted before the end of June, and that the World Bank would open a special office in Rio to keep the bank up to date on the backlog of $226 million worth of pending loan projects after the commission folds...
...Actually, the momentous innovations involved nothing but the use of a wide-angle lens in the same old cameras, and a new screen for such theaters as cared to go to the expense. No prosceniums would have to be torn down, no costly lenses bought. Best of all, the backlog would be safe. Almost all the old pictures could be projected to fill the new, not-so-wide screens. True, about 25% would be lost from the top or bottom of the picture, but as Metro's Dore Schary sanely said. "All you lose is air, anyway...