Salt Lake Telegram | 1928-05-18 | Page 1 | Wright Corporation Plans on Expansion

Wright right Corporation Plans on Expansion NEW YORK May 18 AP AP The The growth of the Wright Aeronautical corporation In the last year ear and and a half during during- which its output of t aircraft aircraft aircraft air air- craft engines has increased from thirty a month to about bout a month is mentioned in a a. letter tp stockholders from Charles L. L Lawrence Lawrence Lawrence Law Law- rence president informing them that rights to subscribe to additional shares at will ex expire expire expire ex- ex pire June 22 At a special meeting of stockholders on May 29 directors will be increased from eleven to thirteen Alluding to the rapid expansion eJi of aviation in which the corporation corporation corpora corporation tion has participated Mr Ml Lawrence said additional plant facilities were being installed which should in increase increase increase in- in crease capacity to engines a month and directors expected there still have to be further plant ext and working capital