Word: 5a
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...contracts let by the Pentagon, nearly double the share of its nearest rival, General Dynamics. In the current year, Lockheed is certain to stay at the top of the list of suppliers, having already won two major prizes: a $1.3 billion Air Force contract to build the giant C-5A transport, the world's largest plane, and a development award likely to grow to another $1 billion for the Army's so-called Advanced Aerial Fire Support System, a combat plane combining a helicopter's lift with half the speed of a jet airliner. Aerospace has long...
...chiefly based in California, but its huge Georgia plant at Marietta, the size of 93 football fields, is so important to the state that Senator Richard Russell, chairman of the Armed Services Committee, felt that it would help his political future if Lockheed won the contract for the C-5A transport; after a visit to the White House, Russell exultantly leaked the news two days before it was supposed to become official. Lockheed's 22,000 Marietta employees celebrated with a spree of buying autos, appliances, houses and summer cottages...
...anomaly of the trade that though jets are immensely profitable to the airlines, Boeing alone among the planemakers has so far profited from building jets for commercial use. Boeing has not won a major military contract since 1958, suffered major setbacks by not capturing either the TFX or C-5A award. The company, however, is battling Lockheed for the Government contract to build a supersonic transport; a win would make up for a lot of lost business...
...bringing out its short-range DC-9 nearly two years ahead of Boeing's competing 737, Douglas last year managed a major comeback. Last month it rolled out an elongated, 200-passenger version of its DC-8 in a bid for the interim market before the C-5A is ready. By winning the $1.5 billion contract last year to build the Air Force's first manned orbiting laboratory, on which it had gambled $60 million of its own, Douglas jumped into a commanding lead in a big new space program...
...total defense outlay of $60.5 billion. In addition to maintaining an ever-growing combat force in Viet Nam, war costs include funds for a new Marine division, a second nuclear aircraft carrier, stepped-up production of giant C-141 jet transports, and development of the even-bigger C-5A, plus two new types of aircraft-the movable-wing FB-111 bomber and the lightweight COIN (for counterinsurgency) ground-support plane...