Word: aircraft
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Dates: during 1970-1979
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...Anderson, a silver-haired accountant who will be elected chairman of Lockheed Aircraft Corp. next month, is taking charge of a company that has endured a succession of crises termed by an internal management study to be "unparalleled in the history of American business." Lockheed in 1969 and '70 lost wads of money on fixed-price defense contracts. It was saved from bankruptcy in 1971 only by the Government's guarantee of a $250 million bank loan, and ever since has been in almost continuous negotiation with its bankers to arrange credit. The company's reputation...
General Richard Carey, commander of the 2nd Marine Aircraft Wing at Cherry Point: "This aircraft has an accident rate which is no higher than with certain other aircraft at comparable points in time." Nonetheless, the Pentagon concedes that the Harrier currently suffers the highest accident rate of any U.S. military aircraft - an average of 5.32 crashes for every 10,000 hours of flight time...
...says British Air Commodore Paddy Hines, is that it must often fly at be tween 250 and 500 ft. - an exercise demanding "high concentration and a very hard work load from its pilots." Two-thirds of the R.A.F. Harrier pilots had at least 1,000 flying hours on other aircraft before they were selected for Harrier training. Those with less than 1,000 hours are called "first tourists" - and generally fly Harriers with a more experienced pilot in the other seat. Among the Harrier's more enthusiastic "first tourists": Prince Charles, who delights in taking off vertically and then...
...over the Wisconsin city of Oshkosh darkened last week as swarms of flying machines-biplanes and Breezies, power gliders and Gyrocopters, delta wings and Aerodusters-cavorted and capered in the air like drunken dragonflies. The occasion: the 25th annual convention of the Experimental Aircraft Association (EAA), held at Wittman Field, where 430 homemade aircraft of every description registered for the festivities. Some, like Paul Sunday's 90%-completed Varieze, were trailered to Wisconsin. Others came in on a wing and a prayer. Michael Murphy, a TWA mechanic who built his sky-cycle from a photograph of a 1912 wood...
...tail of his craft in a mid-air collision. Yet all in all, home-built wings of man have had a relatively good safety record. According to Government estimates, home-built planes that have been legally certified as airworthy have an annual accident rate of 3% per active aircraft-the same as general aviation factory-built planes...