Word: loughead
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Dates: during 1930-1939
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...Although its sleek Vegas and Orions were the fastest commercial jobs in the air, Lockheed had to go into receivership. Grass grew around its two-acre plant at Burbank, Calif., and the factory had only one employe-a watchman who had started working for Brothers Alan and Malcolm Loughead (later changed to Lockheed) and saw no reason to quit because he was not paid. That was in 1932. Today, Lockheed Aircraft Corp. is a different story...
...original Lockheed Aircraft Co. was started by Allan and Malcolm Loughead, who changed their name because so many people pronounced it "loghead." The company has produced many first-class planes, has had its share of first-class bad luck. After the Northwest Airlines crash in January-when part of the H-shaped tail "fluttered" off a 14-it grounded the model. The fault was corrected by static balances within ten days. About 27 Lockheed 145 have been operating safely ever since...
...Angeles in 1926 Brothers Allan and Malcolm Loughead incorporated as Lockheed Aircraft Co. because people mispronounced their name as "loghead." The Lockheed Vega presently rolled off their line, first of a series of single-motored speedsters which set many a record. In 1933 Lockheed developed the fast, twin-motored, ten-passenger Electra, which immediately became as much the darling of little airlines as the 14-passenger Douglas DC2 simultaneously became of big. When the Electra was launched, Lockheed had 200 employes. Last week the payroll was over 1,400, the plant had just been doubled and all factory hands given...