Word: bristol
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Dates: during 1960-1969
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...maximum profit of 7%. Unofficially, they can make up to 20%. Actually, many of them do a great deal better than that. Or so it seemed last week as Parliament was embroiled in a brouhaha triggered by the news that on a contract for overhauling aircraft engines, the Bristol Siddeley division of the Hawker Siddeley Group had rung up profits...
Directors of the company maintained that they had no knowledge of any overcharges-which for some work amounted to twice the contract price. Ministry of Technology officials said that they had realized the company's profits were excessive, but that they had been refused access to Bristol Siddeley's books. Trying to cool the criticism, Minister of State (Technology) John Stonehouse told Commons that though Bristol Siddeley's contract was not open to renegotiation, so that the company was not obliged to repay any money, its directors had agreed to return $11 million of excess profits...
Stonehouse. Commons, however, was not in the mood to pay tribute to anyone. And the very fact that Bristol Siddeley turned loose so much money only increased suspicions that something was wrong...
Inevitably, the Bristol Siddeley affair is expected to reach far beyond the balance sheets of any one company. Its settlement surely will affect the future of Britain's aviation industry and, if parliamentary critics have their way, the entire practice of defense-industry contracting...
...mark of distinction is not automatically stamped on every British theatrical export. The Bristol Old Vic, which made its Broadway debut with two Shakespearean plays last week in the midst of a four-month tour of the U.S. and Canada, is, as its name implies, a provincial repertory troupe. The company tends to substitute energy for excitement; it gives drama the steady, dependable joggle of a railroad trip, instead of scaling peaks or plumbing abysses. The actors read their lines with unfaltering clarity, but they seem less well acquainted with the minds and hearts of the characters they are playing...