Word: consortium
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Dates: during 1970-1979
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Europeans call it the arms deal of the century-and they may well be right. Some time this year, Belgium, Denmark, The Netherlands and Norway-four NATO nations acting as a consortium -will buy more than 350 new jet fighters to replace warplanes bought in the 1960s. France and the U.S. are battling fiercely for this sale because the eventual stakes are enormous. The consortium's purchase, involving an investment of at least $1.7 billion, is only the tip of a lucrative iceberg: a worldwide market for thousands of jets, spare parts and maintenance contracts worth more than...
...NATO consortium has been looking for a supersonic fighter capable of several missions: high-flying interception, close-in ground support and the interdiction of small warships near coasts. Above all, the purchasers want a plane they can afford to buy in quantity...
Pressures and Intrigue. Initially, five planes were competing for the consortium's order. They were SEPECAT's (a British-French joint company) Jaguar, Saab-Scania's Viggen from Sweden, France's Mirage F1/M53 made by Dassault-Brequet, and two U.S. products: General Dynamics' single-engine YF-16 and Northrop's twin-engine YF-17, nicknamed the Cobra...
...library group had been criticized in the press and in public statements by publishing organizations for its plans to photocopy materials instead of purchase duplicate copies. In addition, the Association of American Publishers charged in April that the consortium's proposal violates copyright laws...
Publishers are responsible for paying royalties to copyright holders. However, the consortium insists that it will continue to inject the same amount of money into the publishing industry, while spending its own money more efficiently...