Word: backlog
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Dates: during 1970-1979
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Other parts of Lockheed's business are in fine shape. The company's total order backlog, largely military, has risen to $4.6 billion, up $1 billion in twelve months. Defense business is consistently profitable; it ranges from cargo aircraft to missiles and electronics-to say nothing of secret projects undertaken at Lockheed's "skunk works," which turned out, among other things, the U2. Negotiations are under way between the Japanese de fense agency and the U.S. Department of Defense for the sale of 44 Orion antisubmarine aircraft, a deal that would bring Lockheed more than $1 billion...
...House aide: "There was great confusion in the beginning-and it lasted longer 'than most people thought was appropriate." Much of the confusion has been ironed out-with the help of all those added staffers and simply more time to get on top of the job. Meanwhile, a backlog of 314,000 unanswered letters has been cleared up, and the extra staff helps to handle the mail load, which averages 75,000 letters a week...
Other parts of A.M.C.'s business have been doing well. The Jeep division is setting sales records, and at year's end AM General had a huge backlog of orders for buses. As for passenger cars, cost cutting has reduced A.M.C.'s breakeven point, some observers estimate, to fewer than 300,000 autos a year. The company may be able to sell at least that many if predictions come true that total car sales in the U.S. this year will hit 11 million-but in the past few weeks that has become a giant "if." American Motors...
Massachusetts has six of the twelve county courts in the country with the longest delay before a case comes to trial, the report said. The backlog of criminal cases in the Superior Court has reached 35,000 cases...
...output of goods and services to 3%-or less. Alan Greenspan, chairman of the President's Council of Economic Advisers, says the prime reason for the slowdown is that businessmen piled up big inventories early this year, and had to hold back on new orders until the backlog was reduced. Greenspan believes the economy will pick up speed in the current quarter and go on expanding strongly through...