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Aviation History
1952
1952 - 2188.PDF
FLIGHT 15 AUGUST 1952 UNITED AIRGRAM UNITED AIRCRAFT EXPORT CORPORATION^ UNITED AIRCRAFT SAIES UP ^ IN 151, BUT NET ROSE ONLY ^ — In its annual report for 1951, United Aircraft Corporation disclosed that it took a 55% increase in sales to produce an 8% gain in net income after taxes. This was a reflection of high costs necessary to tool up, train thousands of new employees, and other costs which accompany a build-up to high production level. Foreign sales by United Aircraft Export Corporation of products of all four of its manufacturing divisions were considerably greater last year than they were in 1950. Substantial orders on hand at December 31, 1951 Were for engines, propellers, aircraft and spare parts. Substantial spare parts orders reflect the extensive forward provisioning that foreign airlines which use United Aircraft's products must do because of lengthened schedules due to military demands. Of United Aircraft1s total 1951 sales of over $417 million, 84% were in military orders, compared with 87% of 1950 sales of $269,255,000, United's backlog stood at $1,300 million at the end of 1951, compared with $715 million a year earlier. PRATT & WHITNEY POWERED JET BOMBERS MAKE INITIAL TEST FLIGHTS — Two new U.S, Air Force jet bombers made successful first flights in April. They were the Boeing Aircraft YB-52, and the Consolidated Vultee YB-60. Both are powered by eight powerful Pratt & Whitney J-57 axial flow jet engines* The B-52 made its initial flight on April 15 from the airport adjoining the Boeing Aircraft plant in Seattle, The flight lasted for two hours and fifty- one minutes, and was concluded at Lar son Field, near Moses Lake, Washington, an Air Force testing center. The second of the Air Force's eight-jet intercontinental bombers, the swept- wing Consolidated Vultee IB-60, made its first flight at Carswell AFB, Fort Worth, Texas, on April 18. It remained aloft for one hour and six minutes. According to an account in the New York Herald Tribune ",,,both the YB-52 and the YB-60 were built to the same basic requirements laid down for the B-36 — the ability to carry a 10,000-pound bomb 10,000 miles without refueling. They are equipped with Pratt & Whitney J-57 Turbo- Wasp jet power plants developing about 10,000 pounds of thrust each, or the equivalent of 10,000 horse power at jet plane operating speeds and altitudes.,,*• Unfortunately, the performance figures on these airplanes and on the J-57 engine are classified and cannot be published.
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