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The company was founded by Forest City, Iowa businessman John K. Hanson in February 1958. At the time, the town, located in Winnebago County, Iowa, was undergoing an economic downturn, so Hanson and a group of community leaders convinced a California firm, Modernistic Industries, to open a travel trailer factory in a bid to revive the local economy.
Design changes from the basic Navion structure included strengthened wing spars, that supported engine mounts and other components from Piper PA-18 Super Cub, plus new engine nacelles, a faired nose section that replaced the existing engine and cowling, and a new vertical tail and rudder based on the existing horizontal stabilizer. During ...
The Navion was originally designed at the end of World War II by North American Aviation as the NA-143 (but produced under the NA-145 designation). [5] North American built 1,109 Navions in 1946–47, initially selling them at a below cost US$3,995, which later increased to $6,100, [6] although the actual cost of construction was $9,000. [7]
A Gas Station Fire. When an RV hits a gas pump, the resulting fire can kill. RV blogger AxleAddict shared a scary story on the website about one RV driver's costly mistake: "An older gentleman who ...
From January 2008 to December 2012, if you bought shares in companies when Roxanne S. Austin joined the board, and sold them when she left, you would have a 24.9 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Source: Associated Press. By Adam Hooper, Nicky Forster, Alissa Scheller, Raphael Eidus, Kevin Mangubat, Troy Dunham, Marc Graff, Jesse Kipp, Alexander Sapountzis and Honorata Zaklicki