Word: grummans
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...Grumman Aircraft...
...that shape his character, are reduced in wartime to a few sentences in a personnel file. But ENSIGN DAVID TATUM, like any fighting-man, is the kind of fighter he is in large measure because of the way he grew up and the things he learned. Tatum flies a Grumman jet fighter off the carrier Valley Forge. When he was a boy in Baton Rouge, La., his father gave him a BB-gun, with instructions to stand guard over the Tatums' little back garden, then beset by seed-snatching sparrows. David scared off the birds; frequently...
Businessmen might be pessimistic about the future, but Wall Street took a cheerful view. Day after President Truman's mobilization speech last week, the market started out at a fast clip, with textiles and such war stocks as Grumman, Lockheed and Boeing leading the parade. In the short, half-day session, 2,020,000 shares were traded and both the rail averages and Dow-Jones industrials scooted up. Reason for the rise: after all the grim advance notices, the President wasn't nearly as tough about controls and cuts in civilian production as Wall Street had expected. Furthermore...
...Korean war, the rail averages hit 76.01, up 2.63 in two days, and their highest point in nearly 20 years. The Dow-Jones industrial averages hit 231.03, up 6.33 points in two days, thanks chiefly to the scramble to buy oils, metals and aircraft stocks. A spectacular performer: Grumman Aircraft. After a two-for-one split, it soared from 22⅝ to 28¾ in four days...
...bring their pilots home alive. In Korea, up to mid-November, the Air Force's busiest jets (Lockheed F80 Shooting Stars) flew 57% of the fighter missions and suffered only 25% of the losses due to enemy antiaircraft fire. The Navy made a similar report on its Grumman F9F Panther...