Word: 1980s
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Dates: during 1970-1979
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...seapower subcommittee of the House Armed Services Committee, has proclaimed that the shipbuilding program "ought to be about 20% more." Charles Mathias, the Maryland Republican who wields considerable influence on the Senate Appropriations Committee, has declared: "I intend to ensure that this country has a strong Navy in the 1980s and beyond...
...them two decades old. But now passenger traffic is up, some lines are reporting profits or lower losses, and not much time is left to start replacing obsolescent airplanes-so the big carriers have begun moving on aircraft purchases that could total $80 billion by the end of the 1980s. Last week two lines signed deals for $1.3 billion, the first sizable jet buys since the airlines' fat years of the 1960s. Pan American World Airways ordered $500 million worth of wide-bodied L-1011-500 TriStars from California's Lockheed Corp. Eastern Airlines handed the Europeans...
...offices in cities across Europe. At Lockheed, which almost went bankrupt a few years ago, partly because of long production delays and lagging sales of the TriStar, happy executives called the Pan Am order for a dozen planes, plus an option for 14 more in the mid-1980s, the "order of the century." Johnson's Bakery, near Lockheed's offices, whipped up a cake with an icing decoration of a high-flying TriStar. Nora Winant, secretary to Richard Taylor, Lockheed's chief negotiator in the sale, hung Pan Am travel posters and blue-and-white streamers...
Since 1973 the price of aluminum has jumped from 25? per Ib. to 53?. The gap between supply and demand, some industry leaders assert, will drive the price considerably higher, at least to 60? by the early 1980s. Earnings of the big four, Alcoa, Alcan, Reynolds and Kaiser, which control nearly three-quarters of the U.S. market, have climbed sharply. With considerable understatement, W.H. Krome George, chief executive of Alcoa, says, "For once in our life we have been fairly lucky. Things are rolling along pretty good...
...available to produce the electricity consumed in gigantic quantities by aluminum smelters. On top of that, the endless rounds of litigation by conservationists delay the construction of new power plants, thus directly affecting plans for new aluminum smelters. A possible result: a shortfall in U.S. production in the early 1980s, which would add to the nation's trade deficit because fabricators would be forced to import more and more aluminum. Says one exasperated industry leader: "Looking at the way they handle the power situation in this country, it sort of makes you think about places like the Amazon, where...