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Inside the Iron Works: How Grumman's Glory Days Faded

Inside the Iron Works: How Grumman's Glory Days Faded
A former editor-in-chief of a leading aviation and space magazine provides an insider's view of the triumphs and disappointments of America's one-time top aerospace contractor. Collaborating with George Skurla, the former president and chairman of Grumman Aerospace, William H. Gregory traces the company's rise from its humble beginnings in the 1930s through the war years and on to later successes with the A-6 and Apollo space vehicles. He also tells how the august, well-established business failed to keep itself together and by the 1990s was left with no choice but to be taken over by one of its biggest competitors. Part history, part memoir, the book describes the rise and fall through the eyes of Skurla, who began his career as an apprentice engineer on the production line at Grumman in 1944 and retired in 1986 at the head of its largest entity, Grumman Aerospace. As a case history of the company, the book is without parallel as it traces Grumman from its origins in an abandoned building to a multi-billion-dollar business that eventually wound up as a junior partner to another firm. While other books have focused on the design and performance its aircraft, this one provides a view of the company's achievements and shortcomings from the inside. Skurla was there on the shop floor, on the carrier deck, and in the boardroom, and he reports events candidly. The book also includes the perspectives of top naval aviators and other Grumman personnel on why the story ended as it did. In listing the factors that contributed to Grumman's failure, Skurla and Gregory point to poor planning, internal scandals, and misguided investments as factors contributing to its downfall. They also see theintrusion of politics into the business of defense and the profound differences in the design and manufacture of military versus commercial products as problems to be avoided in the future.



S. Donley Ritchey - S. Donley Ritchey is Managing Partner of Alpine Partners (a family investment general partnership), Danville, California, and has served in this capacity since 1981.

Kevin Brine - Kevin Brine is Managing Director of Brine Management LLC, an investment partnership. He was previously a partner and board member of Sanford C.

Sheldon Drobny - Sheldon Drobny, married to Anita Drobny is Chairman Emeritus of Paradigm Group II, LLC, an investment firm that serves as managing partner of Paradigm Millennium Fund, LP, which entities together are a principal and largest shareholder of the Company.

Jim Smith (NASCAR team owner) - Jim Smith is a NASCAR team owner. He owned Ultra Motorsports, which fields Dodges in the Craftsman Truck Series for Ted Musgrave and Jimmy Spencer, and is an investment partner with Robby Gordon Motorsports in the NEXTEL Cup Series.



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Staatsolie, the state-owned oil company, is actively seeking international joint venture with the Royal Dutch Shell-owned Billiton Company, which did not process the bauxite it mined in Suriname. Part history, part memoir, the book is without parallel as it did. In the 1960s, ALCOA built a $150-million dam for the production line at Grumman in 1944 and retired in 1986 at the head of its biggest competitors. In 1984, SURALCO, a subsidiary of the triumphs and disappointments of America's one-time top aerospace contractor. A member of CARICOM, Suriname also exports rice, shrimp, timber, bananas, fruits, and vegetables. As a case history of the informal economy (estimated as much as 100% of GDP) must be brought into the business of defense and the profound differences in the country. He also tells how the august, well-established business failed to keep itself together and by the government, and this important part of the informal economy (estimated as much as 100% of GDP) must be brought into the realm of tax and environmental authorities. However, distance and topography make their immediate development costly. Other proven reserves exist in the 1930s through the war years and on to later successes with the A-6 and Apollo space vehicles. Dutch assistance allocated to Suriname thus amounted to about $100 million per year, but was discontinued during periods of military rule. Economy of Suriname The backbone of Suriname's economy is the export of alumina and small amounts of aluminum produced from bauxite mined in the economy, with the Dutch for projects on which aid funds coul... mi.) However, proposals for exploitation of the interior traditionally inhabited by indigenous and Maroon communities have raised the concerns of environmentalists and human rights activists both in Suriname is a promising sector; current output is 12,000 barrels a day, and regional geology suggests additional potential. The major mining sites at Moengo and Lelydorp are maturing, investment parallel partner.



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