Word: 990s
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Dates: during 1960-1969
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...recoup its 880 losses, Convair decided to build a long-range jet, the 990, which, by using the then new fanjet engine, would fly faster (635 m.p.h.) than any comparable commercial jet. To save lead time, Convair skipped making a prototype, with the result that when the first 990s came off the production line, they could not fly at the guaranteed speed-and General Dynamics was forced to cut the sale price on early models and lose precious time in modifications...
...Hughes Tool Co. as a middleman on all its jet purchases. To begin with, TWA purchased 20 Convair 880s from Hughes Tool rather than directly from the manufacturer. General Dynamics. Next, charges the TWA complaint, Hughes tried to coerce TWA into agreeing to buy from Hughes Tool 13 Convair 990s (which Hughes had already contracted to buy from General Dynamics). When the Tillinghast team decided instead to buy Boeing 707s, Hughes allegedly sought to queer the deal by warning Boeing that its contract with TWA was invalid because the airline had an obligation to buy from Hughes Tool...
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