Word: consortiums
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...kind of macro-Ed Sullivan show. The production calls for a 20-tier stage, waterfalls, lasers and a cast of 12,000, not counting the thousands in the audience who will participate in a flashlight stunt. Performers include the Statue of Liberty All-American Marching Band, a 476-member consortium from 92 colleges and universities that will have 40 sousaphones and 76 trombones; 300 banjo and fiddle players; an 800-voice chorus; a 250-voice gospel choir; an 850-member drill team; 300 jazzercize dancers; 200 square dancers and 300 tap dancers --and, of course, those tenscore Elvis Presley impersonators...
...projected launch cost of the 7J7 is so enormous--$10 billion--that not even Boeing can go it alone. To keep its exposure to between $1 billion and $3 billion, the company has taken the unprecedented step of seeking foreign investment. A consortium of Japanese firms has already agreed to kick in as much as $1 billion for 25% of the project...
...have shifted from the shuttle to Europe's Ariane system, operated by the French from launch pads in French Guiana. Arianespace has raised its prices by nearly one-third, to $35 million a launch, and has at least 29 orders on its books, worth some $1.2 billion. But the consortium has only eight slots open through 1988, so its - ability to lure business from the U.S. is limited...
...breakdown temporarily frustrated the eleven-country European consortium's continuing effort to demonstrate its rocket's reliability and clinch an even larger share of the lucrative satellite-launching business. Ariane has been the free world's only active satellite carrier since the explosion of the space shuttle Challenger on Jan. 28, which put the U.S. program out of commission for a year or more. The shuttle's hiatus leaves a big opening in the launching market, a business worth at least $500 million a year. Between now and 1990, an estimated 60 commercial satellites will need a lift into orbit...
...only alternative at the moment is Ariane. The consortium has been so profitable, posting earnings of $24.3 million in 1985 on revenues of $200 million, that it plans to make a public stock offering by 1988. The agency has just completed a second, $140 million launching pad on South America's northeast coast that will double Ariane's annual capacity from five missions...