Formed at West Trenton, New Jersey, by Michael Stroukoff, responsible for design of Chase C-123 military transport, after controlling interest in the Chase Aircraft Company Inc, of which Stroukoff was vice-president, had been acquired by the Kaiser-Frazer Corporation. New Stroukoff corporation developed design of C-123. Experimental model with boundary-layer control flown December 1954. Stroukoff also developed for amphibious aircraft of this class "pantobase" landing gear (retractable land/water skis and wingtip floats).

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