June 4, 1962

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Airlines Report Salaries, Expenses, Bonuses, Stock Holdings for 1961

Washington—Following is a list of airline officers’ salaries, bonuses and indirect compensation, expenses and stock holdings for the year ending Dec. 31, 1961, as reported to the Civil Aeronautics Board: Eastern Air Lines, Inc.—E. V. Rickenbacker, chairman of the board, $49,808 salary, $900 bonus and indirect compensation, $12,000 expenses, 24,549 shares of common stock;

MANAGEMENT

Usaf Drive Begins to Improve Forecasts

Washington—Air Force and the Aerospace Industries Assn, are discussing revisions of standardized contractor cost reporting formats that are part of a USAF program to improve contractor and Air Force cost estimates. Better cost estimating was one of the major points stressed at the Air Force Systems Command Management Conference at Monterey, Calif. (AW May 14, p. 26).

By William H. Gregory10 min

SPACE TECHNOLOGY

Bendix Continues Own Lunar Rover Study

Several concepts of roving lunar vehicles, unmanned and manned alike, are being investigated by Bendix Corp.’s Systems Division in anticipation of the need for such vehicles to support manned landings on the moon and ultimately to take part in planetary exploration.

By Barry Miller7 min

AVIONICS

Desc Begins New Electronic Parts Role

Dayton, Ohio—The recently formed Defense Electronics Supply Center (DESC), which will buy and manage the distribution of most of the electronic components used for spare parts by all military services, totaling nearly a quarter of a billion dollars annually, will begin its operations July 1.

By Philip J. Klass7 min

Pakistan Airlines Plans Helicopter Service

New York—Pakistan International Airlines is considering the purchase of three twin-turbine helicopters—either Boeing-Vertol 107s or Sikorsky S-61 s —to begin a domestic passenger service initially in East Pakistan. New York Airways has made a study of the prospective operation, and a technical assistance program under auspices of the State Department for initial operation of the service may be developed.

MANAGEMENT

Some Contractor Reporting to Be Cut

Washington—Air Force Systems Command is developing a Gordian-knot solution to cut out unnecessary contractor reporting, a situation that Maj. Gen. Robert J. Friedman, Systems Command comptroller, says has been allowed to get out of hand.

EDITORIAL

Proof of the Pudding

Another pre-dawn vigil in the salt-moist, purple-velvet gloom of Cape Canaveral. Dawn breaks reluctantly, with the sun paled to a silver disk by thin wafers of overcast reinforced by fog and smoke from brush fires on the Florida mainland.

May 281962

June 111962

June 4, 1962

June 4, 1962