Word: contraction
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Dates: during 1970-1979
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...four years, the fates of two companies, their workers and their communities hung on a single Army contract for a helicopter known as UTTAS (Utility Tactical Transport Aircraft System). In December the Army announced the winner: Sikorsky of Stratford, Conn., which stands to reap perhaps $4 billion in sales over the next ten years. The loser, Boeing Vertol in Ridley Township, Pa., a suburb of Philadelphia, must now contend with doubts about its survival as a primary aircraft maker. To gauge the impact of the biggest helicopter award in 20 years, TIME Correspondent Eileen Shields visited both plants. Her report...
...month. Sikorsky's employment plunged from 11,000 to 6,200 in the same period, and its plant in 1976 was working at only 22% of capacity; for the first time since it started manufacturing helicopters 37 years ago, the company did not have a single Government contract. As the companies' fortunes declined, so did those of the decaying industrial river valleys in which they are camped. Unemployment hovers at about 12% around the Vertol plant in the Delaware Valley, and 10% in Sikorsky's Housatonic Valley...
...Worcester, 44: "I bought my wife a new car for Christmas, a $6,200 Chevrolet. We are going to Europe this summer; because now I can spend some of my savings and put it back later, I don't have to worry." For some junior executives, the UTTAS contract means instant advancement. Ken Rosen, 36, was propulsion manager for UTTAS; now he is engineering manager for the whole program. "UTTAS certainly advanced me into a senior management position," he says. "If I do a creditable job here, all sorts of opportunities will open...
...last police contract was settled a year ago November after six months of rocky negotiations featuring a Holyoke Center protest by 21 officers who stalked out of a bargaining session after learning Gorski had altered their shifts...
...deserving of their plaques. Rusie, the famed "Hoosier Thunderbolt" of the 1890s, died in 1942. He won more than 30 games a season three times and has a winning percentage of .603. Rusie was also the first major leaguer ever to sit out a season over a contract dispute, as he refused to sign with the Giants...