The story
The Bennett Aircraft Corporation was originally formed on 5 April 1940 to develop aircraft using a Bakelite bonded plywood Duraloid. The company's first design was the BTC-1 twin engined monoplane. The company was renamed the Globe Aircraft Corporation in 1941 and they produced a single-engined Continental A-80 powered Globe GC-1 Swift.
With the start of the war the company abandoned plans to produce the aircraft as it concentrated on sub-contract building of 600 Beech AT-10s and components for other aircraft like the Curtiss C-46.
When wartime restrictions were removed the company developed a re-designed and all-metal version of the GC-1 designated the GC-1A Swift which first flew in 1945. The production of the Swift was sub-contracted to the Texas Engineering and Manufacturing Company (TEMCO). In July 1947 the company was declared bankrupt; the assets and design rights of the Swift were bought by TEMCO.
From Wikipedia’s article on Globe Aircraft Corporation, shared under CC BY-SA 4.0.3