Unrelated to WACO (Portsmouth, Ohio), merely having bought name, Waco Aircraft Co., subsidiary of Allied Aero Industries, formed San Antonio, TX, 1966, to market and produce under licence European aircraft. Works at Pottstown, PA, produced S220 Vela II (SIAI-Marchetti S.205) and TS250-5 Taurus (turbocharged version), and Meteor (SF.260). Marketed M220-4 Minerva (modified Socata Rallye Commodore) and planned production of T-2 Meteorite (SA.202). Company failed 1971.