North American Rockwell Overseas Corp. - 1972 dated $1,000 Bond - Aircraft, Defense and Space Industry
Inv# VB5003 Bond
$1,000 Aviation Bond. Female figure seated with mountains in background. Scarce!!! Available in Green or Blue. Please specify color.
Rockwell International emerged as a prominent American manufacturing conglomerate engaged in various sectors, including aircraft production, the space industry, defense, commercial electronics, automotive components, printing presses, avionics, and industrial products. The company's origins trace back to the Rockwell Manufacturing Company, established in 1919 by Willard Rockwell. In 1955, the rocket engine segment was separated into a distinct division known as Rocketdyne, which provided engines for several missile systems, including the Redstone, Jupiter, Thor, Delta, and Atlas, as well as for NASA's Saturn launch vehicles. North American Aviation was responsible for designing and constructing the airframe of the X-15, a rocket-powered aircraft that made its inaugural flight in 1959.
In the same year, North American produced the initial series of Little Joe boosters, which were utilized to evaluate the launch escape system for the Project Mercury spacecraft. Under the leadership of new CEO Lee Atwood in 1960, the company shifted its focus towards the space program, becoming the primary contractor for the Apollo command and service module, developing a larger Little Joe II rocket for testing Apollo's launch escape system, and contributing to the S-II second stage of the Saturn V. The tragic Apollo 1 fire in January 1967 led to some accountability being attributed to the company. In September of that year, it merged with Rockwell-Standard, resulting in the formation of North American Rockwell. Throughout this period, the company maintained its commitment to the Apollo program, constructing the Command and Service modules for all eleven missions. Within two years, the newly formed entity began exploring concepts for the Space Shuttle and secured the orbiter contract in 1972. In 1973, the company rebranded itself as Rockwell International and designated its aircraft division as North American Aircraft Operations.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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