Headline News
Grumman Plant Bursting Seams
The familiar story of lower net income in spite of vastly increased sales is repeated in the case of Grumman Aircraft Engineering Corp., Bethpage, N. Y. In spite of a 64% climb in gross sales last year to $167,581,568, net income after taxes was down to $5,456,246 compared with 1950’s $6,242,064 on gross sales of $102,312,498, Grumman reports.