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Lockheed Wins 65 Million Contract for Turboprop Electra
Lockheed Aircraft Corp wins an 85 million dollar contract to build the first U S turboprop airliner the Electra for American Airlines ordering 35 planes. The jet propeller design speeds exceed 400 mph with 2000 mile range deliveries to begin late 1958. The move challenges British leadership in jet with propeller field and follows Douglas plans for a rival jet transport.
MENTIONED IN THIS ARTICLE
Los Angeles
Lockheed Aircraft Corp
United States
American Airlines
Lockheed
Douglas
Convair
Britain
British European Airways
Vickers
Capital Airlines
Chicago
New York
American