Word: contractors
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Dates: during 1980-1989
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...would be an expensive machine to lose in combat, so the Army began searching for a cheaper, smaller scout and observation chopper. It settled on the OH-58 Kiowa. The contractor, Bell Helicopter, apparently followed the time-honored practice of "buying into" a contract by submitting an artificially low initial estimate. Within two years, the projected cost of the total scout program doubled, from $1.3 billion to $2.7 billion, even though the number of aircraft to be bought was reduced from 720 to 578. Part of the problem is that the scout's complex laser sight has run into...
...proposed. The weight, it was decided, must be reduced to less than seven pounds This meant the warhead had to weigh less than a pound, which sharply limited its potential destructive power. The size of the rocket motor was also reduced to cut blast noise. By the time the contractor finished redesigning it, the Vipers cost not $75, but $787 apiece. Worse yet, the scaled-down warhead could no longer penetrate the front armor of modern battle tanks nor stop Soviet tanks headon. The Kafkaesque solution: if the weapon will not do what it is supposed to do, redefine...
...young college dropout named Christopher Boyce, then 21, got a job as a communications clerk with TRW, a California defense contractor that was working on surveillance satellites for the CIA. He was disillusioned with the Viet Nam War and Watergate. At a party in 1975, he and a childhood friend, Andrew Daulton Lee, then 22, devised a scheme to sell information to the Soviets. Lee made the first contact at the Soviet embassy in Mexico City, and over the next year and a half collected more than $60,000 for his troubles. Boyce made less: approximately $15,000. They were...
Hennessy is a man who ought to know. Allied played the role of "white knight" in the merger mess, which was stirred up last summer when Bendix Chairman William M. Agee, 45, made a surprise tender offer for the shares of MX missile contractor Martin Marietta. But Martin Marietta turned the tables on Agee. The company promptly retaliated by trying to buy Bendix, and the result was a corporate donnybrook in which the two companies acquired huge chunks of each other and made headlines in the process. Finally Allied was called in by Bendix to buy Bendix stock and save...
...When they are in transit, once a day to the law library and once a day to the recreation room, they are handcuffed. Four of them are "honor residents," permitted to roam unchained in the gray hallways. One of these is John Wayne Gacy, 39, the building contractor and amateur clown convicted three years ago of murdering 33 young men and boys...