Word: 9s
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...knock out substantial numbers of U.S. ICBMs. Last December, however, a top Pentagon official said that the S59 was merely a retaliatory weapon, and was not designed for a first strike against the U.S. There has been no new intelligence since then. The Soviets had installed nearly 200 SS-9s by last summer; and they have now added roughly...
Trying to Be Selective. Under Storer, Northeast shows signs of getting off the ground. The new owners have paid off debts of $38 million, provided operating capital and set up a leasing company that will eventually enable Northeast to obtain a fleet of 727s and DC-9s-28 in all-to give it competitive frequency. Using a $22 million bond issue raised in its own name, Northeast is also acquiring seven Fairchild 227s to replace the creaky DC-3s on short flights. Most important of all, Storer lured away American Airlines' Operations Vice President Forwood C. (and inevitably...
...Douglas has been hit by a slowdown in deliveries of Pratt & Whitney jet engines, diverted to fighter planes bound for Viet Nam. As a consequence, Douglas expects that it will have to delay until next year the completion of up to three DC-8s and 15 DC-9s anxiously awaited by airlines. During 1966, says President Donald Douglas Jr., "the company's earnings, if any, will be nominal...
...Even though the company deferred part of its heavy development costs for the twin-jet DC-9, it lost money on the first 20 planes and failed to show a profit on a second group. Last week Douglas confirmed that it had raised the price for DC-9s by 4% from a minimum of $3,100,000. The increase became effective June 1, but because Douglas' books are filled with plane orders placed before that date the higher price tag will not affect its income until...
...heavy development costs and frequent controversy. In the short-range jet field, it got a head start with its sleek BAC OneEleven, of which it has sold 77, including 55 to U.S. lines. But the competition is overtaking the BAC One-Eleven. Douglas has sold 116 comparable DC-9s, including two last week to Australia's Ansett Airways. While Boeing has sold only 21 of its 737s, all were to West Germany's Lufthansa-an order that British Aircraft counted heavily on getting...