Word: billioned
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Dates: during 1960-1969
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...Bean-unlike the relatively taciturn Apollo 11 crew-gushed. They described an undulating plain pocked by craters and filled with large boulders that looked gleaming white in the early-morning sun. "Damn, I can't wait to get outside," said Conrad. "Those rocks have been waiting 41 billion years for us to come and grab them...
...world's military spending-$173.4 billion for 1968-now exceeds the total amount of all goods and services it produced in 1900. So reports the Stockholm International Peace Research Institute. The rate is accelerating. During the 1949-68 period, world military spending rose an average 5.9% a year, but for the past three years it has shot up by 8.9%. The U.S. outlay has jumped from an average annual rise of 7.7% to 12%. Last year the U.S. spent $79.6 billion for military purposes, followed by the Soviet Union with $39.8 billion. Together the two countries account for some...
Died. Donald J. McParland, 40, president of British Newfoundland Corp. Ltd., the Canadian firm charged with developing the immense $1 billion Churchill Falls hydroelectric complex in Newfoundland; in the crash of a company jet that claimed the lives of five other project executives; near Labrador City, Newfoundland. McParland's death was the second tragedy to strike the project, biggest of its kind in North America; his predecessor, Donald Gordon, died of a heart attack last...
...Huge and highly advanced amphibious landing craft, each equipped with a below-deck unloading ramp and a helicopter flight deck, will be built by Litton Industries' Ingalls division at Pascagoula, Miss. Last May the company signed a $1 billion contract for nine vessels. Costs have already escalated, largely because of design changes. The first ship alone will cost $185 million, compared with the $143 million appropriated for it last year...
...Nuclear attack submarines, being built at half a dozen yards, were originally priced at $2.7 billion for a group of 39. That has risen to more than $3 billion, partly because suppliers increased their prices...