Word: co
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Dates: during 1970-1979
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...knock down other jets, notably the agile Soviet MIG-23, the Air Force calls its forthcoming F-15 an "air superiority" fighter. The designation is doubly meaningful to U.S. aircraft firms. They are finding that big Pentagon contracts, once frequent, are becoming frustratingly scarce. Thus, when the McDonnell Douglas Co. of St. Louis finally won the F-15 award over two competitors last week, it was a considerable coup for the No. 1 firm in the industry since the 1967 merger of McDonnell Co. and Douglas Aircraft. The contract calls for design and production of an initial 20 planes...
...losers in the F-15 race suffered a severe blow. Maryland-based Fairchild Hiller Co. (1968 sales: $244 million) saw its hopes of suddenly becoming a major aerospace firm dashed. Bigger North American Rockwell ($2.6 billion) badly needs new business to offset declines in its Apollo program work. The company spent $25 million on its bid, but now layoffs are in prospect...
...been on a plateau for the past few years. It is at a high altitude, but it is still a plateau." This judgment of the recent growth of the world's largest chemical company comes from Charles Brelsford McCoy, 60, president of E. I. du Pont de Nemours & Co. McCoy betrays a hint of nervous candor not often shown at the 167-year-old firm, where fluctuations in corporate fortunes often have been shrugged off as mere ripples in the stream of its history. Lammot du Pont Copeland, now 64, who moved up to board chairman in 1967 when...
...executive committee. McCoy, who has spent 37 years with the company, is typically calm, thoughtful, and a believer in moving cautiously. The tone of the company is still set by the Du Pont family, one of the largest and most cohesive dynasties in U.S. history. Through its Christiana Securities Co., the family can vote a dominant 29% of Du Font's common stock, and eleven of the 25 directors are either Du Ponts or married to Du Ponts. Many of the adult members of the Du Pont family, and the related Copeland and Laird clans, are spotted through...
...month struggle by Chicago's Northwest Industries to take over the B.F. Goodrich Co. has long since won wide recognition as a classic display of corporate attack and counterattack. The aftermath of Northwest's unsuccessful campaign, which ended last summer, is becoming a textbook case in its own right. Keenly sensitive to Northwest's charges of poor management performance, the Akron rubber company has undergone an extensive purge in its white-collar ranks (TIME, Dec. 26). Now Northwest is beginning to show some managerial fissures...