Word: aircraft
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Dates: during 1950-1959
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Leaping a Generation. Nagging the Air Force is a vast and worsening aircraft and missile obsolescence problem. Today the heavy-wallop weapons are the B-52 and B-47. Around the corner is a new generation: the B58 bomber, Atlas, Titan. But a few years beyond these, the Air Force sees a radically different weapons system of Minuteman solid-fuel missiles, ready for rapid launching from invulnerable underground nests (TIME, March 10). Under the pressure of the budget ceiling, Air Force brains are asking: Why sink most of our development and procurement funds over the next few years into...
...pushing, despite the budget hold-down, for a $375 million dreamboat: a second atomic-powered carrier to join the Enterprise, now abuilding. So taken is Chief of Naval Operations Arleigh ("31-Knot") Burke with the atomic carrier's virtues-speed, range and freedom from refueling problems, except for aircraft fuel-that, to get another one, he is even willing to see a slowdown in procurement of atomic-missile subs...
...down sharply. A decline in oil drilling, rising competition at home and imports of oil from abroad will cut its business to between $70 and $80 million this year, with profits of about $20 million after taxes. Nor can the second highly successful wing of Hughes' empire, Hughes Aircraft Co., help much. Though it does some $500 million worth of business annually making electronic fire-control and missile systems, its profits, like those of most defense contractors, rarely top 3% of the gross...
...pilot-qualified engineers on the new jetliners. Eastern's 600 engineers expect to shut the line down completely. It may be tough to do: much of Eastern's equipment is twin-engined, needs no engineer, and qualified pilots can operate as engineers on long-range, four-engined aircraft...
Giftmanship involves so many that some companies spend $100,000 or more on gifts alone each Christmas. Expense is the least of it. How does a donor ever decide who gets what? Dallas' Temco Aircraft learned that the "who" had to include just about everyone. It stopped giving altogether because it might spend weeks working on a list, then forgot one important customer who was so offended that all the good work was undone...