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...launching pad, nosed over toward the southeast, curved down the length of the Atlantic and navigated 9,000 miles before its nose cone splashed hard by its chosen target just south of Madagascar in the Indian Ocean. In exactly 52½ minutes last week, the 130-ton, 75-ft. Atlas rocket set a new U.S. missile record and beat the Russians' best distance mark by more than 1,000 miles...

Author: /time Magazine | Title: DEFENSE: Longest Stretch | 5/30/1960 | See Source »

...long shot needed a nicety of aiming and timing. Soaring 1,000 miles toward outer space at speeds up to 17,000 m.p.h., the instrument-packed Atlas would have arced into orbit if its trajectory had been a shade lower or if its engines had cut out seconds late. But everything clicked precisely. As the earth spun beneath it, the rocket traced a twisting trajectory across the surface of the globe. It shaded the coast of Brazil, looped around the Cape of Good Hope, was heading almost due east when it dumped its payload into...

Author: /time Magazine | Title: DEFENSE: Longest Stretch | 5/30/1960 | See Source »

Even after the delay, it made its point: that the Atlas can reach any target in the world from hardened bases in the continental U.S. And it proved that the missile has enough extra boost to indulge in a roundabout, enemy-confusing route...

Author: /time Magazine | Title: DEFENSE: Longest Stretch | 5/30/1960 | See Source »

Masterminding the marriage of TWA and Northeast is Millionaire Howard Hughes, who owns 78% of TWA and 9.2% of Atlas Corp., the holding company that has a 56% controlling interest in Northeast. Under the merger terms, one share of TWA would be exchanged for three shares of Northeast common stock, if the plan meets the approval of TWA's board, the CAB, stockholders and major creditors. Hughes will also lend $9,500,000 to Northeast from his Hughes Tool Co. to get its six, new, leased Convair 880 jets into operation for the Florida tourist season this winter...

Author: /time Magazine | Title: AVIATION: Flight Plans for Profit | 5/30/1960 | See Source »

...German Luftwaffe in the Battle of Britain was 8% per mission. In the age of missilery and megatons, the problem is even more complex-and costly. To create the Nike-Zeus anti-missile missile system would cost the U.S. an estimated $14 billion-more than the entire Atlas program-and then no one could dream that it would knock out every nuclear-nosed missile. Last week the Army's chief of staff, General Lyman Lemnitzer, sadly surrendered hope of prying loose $137 million in Nike-Zeus funding now bottled up by the Budget Bureau (although Nike-Zeus is still...

Author: /time Magazine | Title: DEFENSE: Accent on Offense | 4/18/1960 | See Source »

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