Re: Hugh Ferry: Packard's most underrated president?

Posted by HH56 On 2010/1/16 22:41:09

Wasn't part of the reason Packard lost money on defense contracts was they had been awarded contracts, spent to acquire or equip facilities to produce them and then had some or all of them canceled or not renewed because the politicians of the day desired to have them placed with "preferred" providers. Seem to remember reading that had happened in 54 or 55 and most of Packards contracts were canceled and mostly re-awarded to GM because Sec of Defense wanted to consolidate suppliers.