Word: acv
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Dates: during 1960-1969
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Last week the so-called air-cushion vehicle (ACV) got its biggest commercial test when a 165-ton SR.N4, the world's largest Hovercraft, was introduced on regularly scheduled passenger runs across the English Channel between Dover and the French coastal city of Boulogne. The thrice daily round-trip crossings, which will be expanded to six starting this week, are of crucial importance to the British Hovercraft Corp., which builds the SR.N4. "Our necks are on the chopping block," admits Richard Stanton-Jones, managing director. "Potential buyers will be here watching and riding...
Among those watching the cross-channel undertaking most closely are Japan's Mitsubishi Heavy Industries Ltd. and Buffalo-based Bell Aerosystems Co. Both companies manufacture their own ACV versions, also serve as British Hovercraft licensees. The fledgling industry's leader, British Hovercraft, was formed in 1966 by Westland Aircraft Ltd., Vickers-Armstrongs Ltd., and the government-run National Research and Development Corp., which together have pumped $48 million into the craft's development...