Re: What SINGLE factor MOST contributed to the demise of Packard?

Posted by Guscha On 2013/4/27 0:07:13

Without looking into the account books I'm with Howard (HH56) on that. The shortness of public orders but ongoing investments (new factory buildings, equipment investments, development expenses for jet engines that resulted in the highest thrust jet built up to that time, even fundamental research) took a toll on the independent company. The 1952 make-to-order production of 3.025 jet engines after eight years of drought was a last glimmer.

"S-P needed about $100 million a year in defense business to break even..." according to this source.

PMCC played in the champions league and ran out of steam before gathering the harvest.



[picture source: www.redbubble.com]

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