Incorporated originally as Aeronautical Corporation of America, but name changed in 1941. Quantity production of Fairchild trainers and liaison aircraft ceased 1944, and for postwar production company developed new types. Also had license for Erco "two control" system. Champion two-seat strutbraced high-wing monoplane was particularly successful, and between 1946 and 1951 company built over 10,000 Champions and over 600 Army liaison derivatives. Champion production ended 1950. Many variations, including Chief (1947), Super Chief (1948). Arrow marked low-wing departure. Since 1950 company has been a subcontractor, but towards the end of the 1960s undertook, in conjunction with American Jet Industries Inc., development of a light strike version of the Super Pinto, built originally as a jet primary trainer. In January 1978 entered an agreement to build the Foxjet twin-turbofan light transport aircraft designed by Tony Team Industries Inc., but later terminated (see Foxjet International).

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