Word: 5a
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Lockheed's problems center around the giant C-5A transport, which overran cost estimates by $1 billion in development. The Air Force has cut back its C-5A order from 115 aircraft to 81, and the final estimates of the loss to Lockheed have yet to come in. Overall, Lockheed is feeling less pinch than most of its competitors. It expects to increase its total work force this year by 2,000, to 100,000, as production begins on its L-1011 airbus. Similarly, General Dynamics plans no cutbacks in its 70,000-man labor force during 1970 -unless...
...accomplish so much actually began its existence as a loser. In 1964, Defense Secretary Robert McNamara ordered a competition for a giant military transport and an advanced jet engine to power it. Lockheed and General Electric won the plane-and-engine competition, and their entry became the C-5A. The two losers, Boeing and Pratt & Whitney, were eager to find a market for their rejected designs. Boeing's chief, William Allen, decided to risk what turned out to be $1 billion in turning the military reject into a commercial success. Pan American's founder, Juan Trippe, who had ordered...
Voted Down. Critics of the bill made three significant attempts to cut back appropriations. There was a stab at denying the Pentagon $533 million to buy more C-5A air transports, a plane that so far has proved uneconomical. Questioning the need for 15 attack aircraft carriers, the critics tried to clip $377.1 million appropriated for construction of a second nuclear carrier. Finally, they tried to cut $80 million from funds allocated for construction of an advanced strategic aircraft. All the efforts were voted down...
...American Seventh Army is in West Germany, for instance, more to meet political needs than strictly military ones. Although he places little credence in talk of detente with the Russians,* he does not rule out an eventual pullback from Europe. Technical developments in military transportation, such as the C-5A aircraft and fast supply vessels, give the U.S. increased capability for keeping a larger part of its forces at home while still being able to react quickly to an overseas emergency. When President Nixon talks about maintaining the U.S. as a Pacific power, most strategists translate that to mean...
...Carrier. Still pending is an amendment to cut more than $500 million from the bill by limiting the purchase of the controversial C-5A aircraft. The Senate critics also want to deny the Pentagon a $377 million nuclear-powered aircraft carrier. They argue that in the missile age the carrier makes too massive and lumbering a target, and that the U.S. is the only major sea power still building them. Another thorny topic to be discussed is whether the U.S. still needs-and can afford -to maintain 428 major overseas military bases...