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Word: contractors (lookup in dictionary) (lookup stats)
Dates: during 1960-1969
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Usage:

...rising criticism, but its civilian suppliers as well. Congress and the public are deeply concerned about the spiraling costs of new weapons systems and their frequent failure to perform up to expectations. High prices and technical flaws plague many major weapons systems, including the Army MBT-70 tank (prime contractor: General Motors), the Navy LHA assault-ship program (Litton) and the Air Force Short-Range Attack Missile (Boeing). Last week all the censure converged on two huge defense projects, the Air Force C-5A transport and the Army AH-56A Cheyenne helicopter. Both are built by Lockheed Aircraft Corp., whose...

Author: /time Magazine | Title: Business: LOCKHEED'S CASUALTIES IN THE DEFENSE CONTROVERSY | 5/30/1969 | See Source »

...satisfactory aircraft would be delivered." Rotor stability and control problems had shown up in tests of ten prototypes, one of which crashed. Some critics believe that the Cheyenne was a classic example of "brochuremanship"-the practice of selling the Pentagon on a new weapons system even before the contractor is reasonably certain that it can perform to specifications. Lockheed's Chairman Daniel Haughton protested last week that the Cheyenne's problems were "normal and to be expected in achieving a major technological step forward." He promised to fight in court against both the cancellation and the Army...

Author: /time Magazine | Title: Business: LOCKHEED'S CASUALTIES IN THE DEFENSE CONTROVERSY | 5/30/1969 | See Source »

...many ways, labor's naked show of arrogance toward George Romney reflects a confidence that there is no limit to a contractor's ability to pass on to consumers the soaring costs of construction. Sooner rather than later, the unions may find that they are on a collision course with an aroused public...

Author: /time Magazine | Title: Business: THE SCANDAL OF BUILDING COSTS | 5/23/1969 | See Source »

...commonly follow the lead of the U.S. Steel Corp. in pricing and other policy matters. Even his critics acknowledge that Ling is certainly imaginative. One testimony to the productive efficiency of his company comes from the Government itself, which has made it the nation's seventh largest defense contractor...

Author: /time Magazine | Title: Business: ACTION AGAINST JIM LING | 4/4/1969 | See Source »

...worth of household repairs. After the repairs were completed, a loan company claimed that with interest and other charges she actually owed $1,900. When the company threatened to take over her home, Bill Ide, one of the Legal Aid volunteers, promptly filed suit for his client. Charging contractor and loan company with a "fraudulent conspiracy," Ide asked for $25,000 in punitive damages. The claim against the woman was quickly dropped-and so was Ide's suit...

Author: /time Magazine | Title: Urban Law: Saturday's Lawyers | 3/7/1969 | See Source »

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