386 



recommendations have been well thought out, if it is administratively 

 and legislatively i^ossible to do it in one fell swoop, would you oppose 

 doing it that way ? 



Mr. Pierce. I would not. I would say if it were easy and possible to 

 do it without any more study on it, I would favor that even though I 

 don't consider it the ideal way to do it. 



I would say if you could do it I would not oppose that type of 

 operation. 



Mr. Karth. Thank you. 



Mr. Lennon. I think the record should reflect the fact that in most 

 of these hearings that we have had the preponderant majority of the 

 members attending are members of the space committee, too. I think 

 that is an indication of their great interst. Mr. Downing and Mr. Karth 

 and Mr. Mosher and Mr. Pelly, of course, are ranking members, and 

 it is a great indication to me that the members of this Subcommittee on 

 Oceanography are practical, yet experienced people in this field. They 

 are the ones who have demonstrated, in my judgment, to a great degree 

 the greatest interest in what we are trying to do. 



'I don'^t have the honor of serving on that committee, but I have great 

 admiration for people who serve there and on this committee, for I 

 know how dedicated they are. 



Now, Mr. Counsel. 



Mr. Drewry. Mr. Pierce, as a slight extension of the chairman's 

 question concerning your business in the missile and space field, I won- 

 der if you could supply for the record a memorandum indicating some- 

 thing about the types of contracts you have. In other words, a little bit 

 of the extent of your business that you have been able to develop over 

 the past 4 years. 



Mr. Pierce. Yes. 



Mr. Drewry. We have this which you sent in before ; we appreciate 

 it. That is one reason we are anxious to have it here. 



Mr. Pierce. Are you referring to my past experience with the mili- 

 tary and space or the present composition of hydrospaces ? 



Mr. Drewry. The volume of business you have and the type of con- 

 tract you have, whether in the commercial field or in the military, 

 both in the hydro and aerospace field. 



Mr. Pierce. Would you like me to summarize an answer now ? 



Mr. Drewry. That would be fine. It does not have to be detailed. I 

 just thought for the record it might give us a little better idea of who 

 it is that we are hearing from today. 



Mr. Pierce. Our company was originally chartered to do advanced 

 work in the fields of oceanography and space. However, since the ocean 

 markets have not developed, we do not consider ourselves an ocean 

 company as yet but we hope to be when these new ocean projects are 

 implemented. 



At present, we have done considerable research in the field of ocean- 

 ography and have for the past 4 years maintained research work on 

 stable sea platforms along the lines that we have discussed here. 



We have also done work in ocean wave measuring equipment, 

 underwater communications for military purposes, and sonar fish 

 tracking systems. We have not as yet been successful in getting con- 

 tracts in the space field although in the aerospace field we have several 



