Word: aircraft
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Dates: during 1970-1979
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...Director George Bush hailed the defection as an "intelligence bonanza." According to euphoric Pentagon spokesmen, an examination of the plane and interrogation of the pilot would yield vital secrets about Soviet air-weapons technology. But U.S. experts who were dispatched to Japan for a three-week study of the aircraft have come to a different and surprising conclusion: the much-touted superplane brought to the West by Soviet Air Force 1st Lieut. Viktor Belenko is, in many respects, a clinker...
...subcommittee's investigation of the arms trade in the Persian Gulf. Here, it was clearly demonstrated, in the case of Grumman's sale of F-14 fighter planes to Iran, that long before the U.S. government made any decision to permit the sale abroad of this advanced aircraft to a foreign government, Grumman had effectively promoted its sale at the highest levels of the Iranian government. Confronted with the insistent demands of the Shah for the F-14, the U.S. government's "decision" to allow the sale was, in reality, a mere ratification of a deal already concluded...
...effect, then, the solvency of the leading American defense contractor rested upon its ability to accomplish a sale in the international market of civilian aircraft. The Lockheed case dramatically illustrates the fact that critical elements of the American economy have outgrown the geographical confines of the United States. The aerospace industry can no longer be economically defined in terms of the American market. Its sales effort, to succeed, must be international in scope; in Lockheed's case, its 60,000 jobs, $650 million in private bank financing, $250 million in U.S. government backed guarantees, all seemingly hinged upon the success...
...growing population (around 850 million), the moderates stressed practical approaches, including such "revisionist" devices as higher wages for more work and the notion that each state enterprise should be run efficiently enough to produce a profit. Recognizing the need for high technology in areas like oil production, computers and aircraft, the moderates have not hesitated to buy some goods from foreign countries-a policy the radicals derided as the "worship of things foreign." "In our Socialist state," said one article, "the development of production does not rely on profit and material incentives but on the proletarian revolutionary line of Chairman...
...friend of 40 years who assembled the show, is forced to reluctantly admit that "inevitably there are a great many below top quality, and it is unfortunate that these have been exhibited and sold." As for Calder's dabbling in the world of business promotions, such as the aircraft he painted up for Braniff Airlines, the less said the better - even though it takes talent to make a DC-8 look that ugly. No matter: the sculpture is his great achievement, and will be his testament...