Step Back in Time features news items from The Daily Star 25 and 50 years ago.
25 years ago
April 24, 1963
The awarding by an Army agency of a quarter million dollar contract to one of Oneonta’s fledgling space-age industries was announced Tuesday by the president and chief engineer of the firm.
Einar Boland, president of Newton Electrophysical Corporation, 30 Market St., said yesterday that a contract “in the magnitude of a quarter of a million dollars” had been granted to the local firm by the U.S. Army Electrical Material Agency.
Mr. Boland and vice-president C.B. (Chuck) Spaulding of Morris, were careful to explain that production on the new contract is several months away and that the firm does not anticipate the acceptance of applications from prospective employees until “late summer.”
The units to be produced in the Market Street plant, Mr. Spaulding said Tuesday, are “a power supply for telephone equipment used by the Defense Department.”
The spokesmen for Newton Electrophysical Corporation said that “sample units” are being to be turned over to the Agency (formerly the U.S. Army Signal Corps) for testing, examination and approval.”
Newton Electrophysical spokesmen did not reveal the anticipated work force that will eventually be necessary to carry out the production end of the contract except to say that it will be “substantial.”