Word: contractive
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Dates: during 1950-1959
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...dock and airstrip building near Anchorage, road surveys and right-of-way proceedings along the Alaska Railroad, and talk of a $58 million contract awarded the Drake-Puget Sound Construction Co. for a job near Mount McKinley National Park add up to one thing to Alaskans: preparation for a string of U.S. ballistic missile bases. Sited along the Alaska Railroad, such bases could launch intermediate-range missiles that would reach Russian bases on the eastern tip of Siberia, intercontinental missiles that could arc across the Pole to Moscow and beyond. The U.S. bases would have the advantage of North America...
...Navy signed a $100 million contract to procure the F8U-3, an advanced all-weather jet fighter, from Chance Vought Aircraft Co., Dallas...
...Army signed a $51.8 million contract with Chrysler Corp., Detroit, covering $21.8 million in continuing procurement of the 200-mile-range Redstone missiles and $30 million for finishing the tooling up and ground support for the longer-range (1,500-mile) Jupiter missile...
...Atomic Energy Commission extended through September 1960 its 1953 contract with United Aircraft Corp. to work on nuclear reactors suitable for aircraft propulsion...
Washington's new attitude on contract-letting represented a decided turnabout from spending in the early part of this fiscal year. When the Administration set a Defense Department budget of $38 billion for fiscal 1958, the Pentagon was already running far above its spending ceiling, and the Budget Bureau held down defense authorization for new contracts for the first four months of the fiscal year to only $8.4 billion. Then, reassured that the Pentagon's spending rate was under control, the bureau relaxed, released another $10 billion in November and December. Contracts for the rest of the fiscal...