Word: bomarcs
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Dates: during 1950-1959
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...anti-bomber Bomarc B missile system, like its predecessor Bomarc A, will likely become obsolete before it is operational (two or three years). It also overlaps the role of manned interceptors (F-102, F-104,F-106). In the light of the Soviet jump over bombers to ICBMs, interceptors seem adequate for nonmissile air-defense needs, but Bomarc's billion-dollar program keeps right on abuilding...
...SAGE (for Semi-Automatic Ground Environment System) electronics net, designed to spot incoming enemy bombers for Bomarc and other antiaircraft weapons, has already cost $1.2 billion, is not yet fully operational. In the 1961 budget, SAGE requests additional funds to harden (encase in concrete) some of its installations, presumably against missile blows, although SAGE itself will be useless in the missile...
...Thiokol Chemical Corp. last year, and Rockefeller got Thiokol stock that is now worth $4,200,000. In 1950, Rockefeller put $202,000 into low-flying Marquardt Aircraft Co., a pioneer in ramjet propulsion; his interest zoomed to $5,200,000 after Marquardt started making ram-jets for the Bomarc missile. But the fastest rise of all was in Itek. Two years ago Rockefeller, a camera bug, invested $279,000 in Itek Corp., which had plans for computer-like photo machines to handle information. He got some Itek shares as low as $2. They soared as high...
...settle one of the Pentagon's bitterest interservice quarrels, Secretary of Defense Neil McElroy last week outlined a "master plan" for U.S. continental air defense. What it amounted to was a shaky compromise between rival antiaircraft missiles, the Army's Nike-Hercules and the Air Force Bomarc. The solution satisfied hardly anyone, and the grumbles both from Capitol Hill and the Pentagon reflected an increasingly apparent fact: for Neil Hosler McElroy, sometime president of Procter & Gamble, one of the longest of all Washington honeymoons is ending...
...opened an aviation-electronics business that turned out the first practical light-plane radio. After World War II, Lear burgeoned as the world's largest manufacturer of autopilots and a major supplier of other gadgets for planes and a dozen missiles, including the Titan, Bomarc, Polaris and Nike-Zeus. On the side, after three quick marriages, Lear settled down with Wife No. 4, Moya Olsen, daughter of Olsen of the Olsen & Johnson comedy team. His own enthusiasm for flying is so great that Mrs. Lear, in self-defense, is taking flying lessons. Their two boys...