Word: fleetly
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Dates: during 1980-1989
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...decor of Lauren's headquarters suggests the backstage of a theater: cramped and slightly eccentric, with forest green walls and a bowl of M&M's on a table in the reception room. Lauren's personal office contains some of his favorite props: a wood-burning fireplace, a fleet of toy racing cars, family photographs and piles of fabric swatches. He often wears a studiedly scruffy uniform: a cotton work shirt, faded Levi's and well-worn cowboy boots. "This is who I am," he claims...
...seven astronauts to their death on Jan. 28. The new orbiter should be completed by 1991, its estimated $2.8 billion price to be paid in part out of money the space agency will save during the present launch hiatus. With a reduced launch schedule, the President said, the shuttle fleet will no longer carry commercial payloads, giving private industry a strong incentive to develop its own launchers...
...leasing industry has flourished in part because the deregulation of airlines in the U.S. spawned many fledgling carriers that could ill afford to buy new aircraft. Tempe, Ariz.-based America West got off the ground by leasing ten Boeing 737s -- its entire fleet. Says America West President Michael Conway: "Without leasing, we would have had to raise a lot more money...
...need one new shuttle. We need three or four. The nation's sharpest aerospace analyst, First Boston's Wolfgang Demisch, suggests that a single shuttle will build us right back into the mess we are trying to climb out of. A fleet of four shuttles (three current, one new) will have to work perfectly to meet our needs. "It's like the Soviet economy," says Demisch. "If everything works 100%, it is fine. It never does. When one part fails, the whole system fails. We need a realistic program. We are approaching a national emergency. We are re-creating...
...procurement process gone haywire. After the Pentagon spent $1.8 billion and ten years developing the tank-mounted, radar-guided gun, field tests showed that it had trouble hitting a hovering helicopter. The fiasco left the Army without a weapon to counter the Soviets' high-performance aircraft and growing fleet of nimble helicopters. Some reformers urged the Army to consider simpler and more reliable weapons, perhaps a version of the existing Rapier or the Roland missile systems. But the Army decided otherwise. Enter FAAD (for forward-area air-defense system...