From the Nov. 12, 1953 News Record:
Puzzle: Who got the hundred million dollars? He walked into our office seven years ago, sat down. We knew the customer. And a wonderful credit rating he had, too. Said he wanted airplane engines. By that time, blueprints were scattered all over the place. He was taking no chances. Not one engine would he accept without testing first, stripping apart, building up again, and testing once more. And more. Every engine he bought would be overhauled after 15 running hours. He didn’t say so, but he must have known we would have ideas, too. The climax was last August. The customer announced that he would allow 1,200 hours flying time from these G-E engines before an overhaul. In other words, 80 times as many hours without overhaul as seven years ago. Oh, yes. The hundred million dollars. With General Electric engines now giving extended service, not so many are needed. Improvements have saved the customer that much in five years. Who’s the customer? The U.S. Air Force. And what was the engine? The J-47 jet engine. And who got the hundred million dollar saving? Who profits from more Air Force per dollar? The taxpayer, everybody. General Electric.