Naca Holdings Inc history

Beginning with the Aero Club scheme of 1911, and through all its reincarnations in the locality of the Smithsonian Institution, the idea of a research laboratory had been at the heart of the enthusiasm for a national aeronautical research establishment.

Unable to win his case in court, Curtiss in 1914 refurbished the Langley aerodrome, for the Smithsonian Institution as a means of trying to prove "prior art," i.e., to show that manned heavier-than-air flight had been possible before the introduction of the Wright invention.27

1915; the Walcott quote is from a letter to L F. Durand, 30 Oct.

In December 1916, the company notified other aircraft manufacturers that they would have to pay a royalty of five percent on each aircraft sold, with a minimum annual royalty of $10,000 per manufacturer.

The most thorough discussion of the cross-licensing agreement appears in the minutes of the meeting of the Subcommittee on Patents on 10 July 1917.

Walcott estimated that the military services would need 4000 planes annually by 1919; if that figure was to be reached, the current deadlock in production would have to be broken.33

Payments to Wright-Martin would cease on 22 May 1923 when the Wright patent expired.

1927 state t at the recommendation of an Aircraft Production Board flowed directly from a survey of the United States aeronautical industry initiated by Walcott, but the minutes of the 10 Apr.

On the patent dispute in general, see Fred C. Kelly, The Wright Brothers: A Biography Authorized by Orville Wright (New York: Harcourt, Brace and Company, 1943), chaps.

1988 UNAC/NACA initiates campaign against financial institutions that targeted minority homeowners with high equity through unscrupulous “home improvement” companies (i.e. “Second Mortgage Scam Campaign”).

1993 After NACA’s four-year campaign, media exposes including ABC Prime Time Live and disrupting Ford’s annual meeting, The Associates settles.

1995 NationsBank’s CEO Hugh McColl pledges $500 million to the NACA Program.

2004 NACA introduces NACA-Lynx.

2006 NACA Continues to Enhance NACA-Lynx and Expand the Program.

2007 NACA’s CEO Bruce Marks is Named by the Boston Globe as the 2007 Bostonian of the Year.

2009 NACA holds the financial executives personally responsible for the mortgage crisis and their refusal to provide long-term affordable solutions.

2011 Bank of America adds $3 Billion to its Commitment to NACA’s Best in America Mortgage.

NACA does over 100 Save-the-Dream/American Dream events over the past four-and-a-half years with 43 in 2012, setting the national standard in providing affordable solutions for hundreds of thousands of at-risk homeowners.

2014 NACA Returns to Washington D.C. with Hundreds of NACA Staff and Members.