Curtiss-Wright

The book "Curtiss-Wright: Greatness and Decline" by Louis R. Eltscher and Edward M. Young is a case study that explores the rise and fall of the Curtiss-Wright Corporation, a significant player in the aviation industry. Here is a comprehensive overview of the book:

Key Themes

1. Historical Context: The book provides a historical context of the aviation industry, particularly focusing on the period from before World War I to 1990. It delves into the origins of industrial aviation and how companies like Curtiss-Wright evolved in response to various economic, technological, market, and political changes.
2. Company History: The authors meticulously trace the growth of Curtiss-Wright, from its early days to its peak during World War II, and ultimately to its decline. This includes discussions on the company's relationship with the U.S. military and its role in American wars.
3. Technological and Market Challenges: The book highlights the technological and market challenges that Curtiss-Wright faced, including the transition from propeller-driven aircraft to jet engines. It also discusses the company's failure to adapt to these changes, which led to its decline.
4. Executive Power and Foreign Affairs: The book touches on the historical significance of the Supreme Court case "United States v. Curtiss-Wright Export Corp.," which asserted an independent and exclusive executive foreign affairs power. This theme is relevant to the broader context of executive power in the United States.

Plot Summary

The book is structured into eight chapters, each narrating a significant period in the history of Curtiss-Wright. Here is a brief summary of the key chapters:

1. Introduction: Sets the themes and historical context of the aviation industry.
2. Origins of Industrial Aviation: Explores the early days of aviation and how companies like Curtiss-Wright emerged.
3. World War I and Interwar Period: Discusses Curtiss-Wright's role during World War I and its growth in the interwar period.
4. World War II: Details the company's significant contributions to the war effort, including aircraft production and engine manufacturing.
5. Post-War Period: Examines the challenges Curtiss-Wright faced in transitioning to jet aircraft production and its eventual decline.
6. Decline and Legacy: Analyzes the factors that led to Curtiss-Wright's decline, including technological stagnation and market competition.
7. Acquisitions and Reorganization: Discusses any significant acquisitions or reorganization efforts made by the company.
8. Conclusion: Summarizes the rise and fall of Curtiss-Wright, highlighting lessons learned from its history.

Critical Reception

While specific reviews of the book are not provided in the sources, the book is described as a complex and fascinating study of a significant aviation company. It is noted to be primarily written for business and aviation historians but appeals to a broader audience due to its discussion of the company's relation to American military mobilization and wars. The detailed historical analysis and the authors' narrative style are likely to make the book engaging for readers interested in both business history and aviation.

In summary, "Curtiss-Wright: Greatness and Decline" by Louis R. Eltscher and Edward M. Young offers a comprehensive historical analysis of the Curtiss-Wright Corporation, covering its rise, peak, and decline. The book provides valuable insights into the aviation industry, executive power, and the challenges of technological and market adaptation.