EARNINGS: Aircraft's Big Year
Although the U.S. aircraft industry's net profit margin is only 2.2% on the sales dollar, military orders have boosted production so high that last week three companies reported their highest peacetime earnings in history:
¶Boeing, on a $739 million gross for 1952 (v. $337 million for 1951), netted $14 million, double its 1951 earnings. Backlog: $1.6 billion. ¶Lockheed's $438 million in sales for 1952 was up 85%, its net ($9,000,000 v. $5,700,000 for 1951) was up 56%. Backlog: $2 billion. ¶Glenn L. Martin Co., after losing $22 million in 1951, climbed into the black, netted $5,800,000 on a gross of $144 million. Backlog: $650 million.
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