Monday, Dec. 16, 1929
Loening to Research
Grover C. Loening, famed engineer and designer of U. S. planes and amphibians, last week announced his resignation from Keystone Aircraft Corp. and Curtiss-Wright Corp.
He has formed a new $1,000,000 Grover Loening Co. for pure aero-dynamic research. Mr. Loening is president and chief engineer of his new concern. He can spend its money on research as he sees, fit. He intends specifically to continue work on his small mono-wheel amphibian and in general to make planes faster, lighter, easier to learn to fly in. He admitted that he might attempt the design of a Schneider Cup racer. He said he would accept research work for any firm engaged in air craft manufacture. With his strong governmental connections, he hoped for contracts from that quarter.
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