Word: kellett
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Dates: during 1941-1941
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Founder Alexander P. de Seversky, Russian-born flyer-designer, was tossed out by his stockholders in 1940. Cautious, businesslike W. Wallace Kellett, autogyro developer, replaced him, while war orders boomed sales tenfold. But early this year Kellett ran into a pack of production troubles (retooling, shortages, etc.). Deliveries sank to only $2,300,000 v. $6,530,000 in the final half...
...screaming for more ships, decided it would dig up a production man for Republic. The man: energetic Ralph Shepard Damon, 44, whose five years as American Airlines operations vice president were preceded by two decades of aircraft designing and building, mostly with Curtiss-Wright. Damon became president last May; Kellett moved up to chairman (and finance-watcher...