Temco: Fast-Moving Newcomer From Texas (1953) In the last seven years the firm has jumped from nowhere to a backlog of over $245 million.
A retiring government aircraft official last week was asked to list the aircraft companies and their executives with unusually good production records since Korea. His first answer was, “Well that Scot down in Dallas is certainly near the top of the list.”
The Scot he was referring to is Robert McCulloch 48, Scottish-born president of Temco Aircraft Corp., a company which was started as a limited partnership just over seven years ago. Today McCulloch and his aides have brought Temco to a point where it has been described as “the fastest growing aircraft company in the industry.”
A recent Munitions Board report, for example, showed that Temco and its wholly owned subsidiary, Luscombe Airplane Corp., received prime defense contracts totaling $92,900,000 from the Defense Department during the first two years after Korea, enough to place the company 87th on the list of top defense contractors.
Temco’s most recently issued financial report indicates that as of September the company had a backlog of $245,600,000. Forthcoming is a report which is expected to show a substantial increase in Temco’s backlog figure, for the company received a second letter of intent to produce McDonnell F3H Demon carrier jet fighters last October.
In 1953 Temco initiated a long-term contract with Riley Aircraft Sales Corp. for the conversion of single-engine Navion Aircraft with Riley Aircraft configuration. Late in 1953 Temco purchased the exclusive rights for this conversion and, during the next four years, a total of 138 aircraft were converted and sold in the commercial aircraft market.