Abstract

One-Customer Industry
McWilliams, Carey | August 11, 1956 issue

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The aircraft industry may be efficiently managed but it is about as "private" as the U.S. Mint. The government is virtually the sole customer for the twelve aircraft companies included in the study. "The evidence," to quote the chairman, "shows that this industry exists solely and only by Government contracts and that without Government contracts, it faltered and failed and that subsequently the entire income of the industry is from the taxpayers of the United States." This industry insists that conventional methods for measuring profits are inapplicable to it.

See Also:

AIRCRAFT industry; AEROSPACE industries; AERONAUTICS; CONTRACTS; PROFIT; UNITED States
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