Word: subcontracting
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Dates: during 1951-1951
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...committee had looked more closely at arms production it might have held its scolding tongue. Big companies get the bulk of prime contracts because they alone have the facilities to turn out such big items as bombers, ship generators and half-tracks. But they subcontract their orders to thousands of small businessmen. Examples: Lockheed Aircraft Corp. has signed up 4,000 firms, of which 2,835 are small businesses (fewer than 500 workers) ; General Motors Corp.'s normal list of 12,500 suppliers will soon be swelled to 19,000 by subcontracting...