Word: ge
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Dates: during 1980-1989
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...GE was already in compliance with disclosure regulations, and the committee felt it would be an unfair liability," Kossan said...
General Electric's division that makes locomotives has been weakened by recession and plunging sales. But rather than abandon the business, GE gave an antiquated factory in Erie, Pa., what General Manager Carl Schlemmer calls an "electronic heart transplant." Cost: $500 million. Giant computer-driven arms and machine tools help the factory turn out locomotives in a fraction of the time once required. A 2,500-lb. motor frame that took 16 days to build can now be done in 16 hours. By 1986 GE could be making about 800 locomotives a year, up a third from current levels...
...company has made a series of design improvements over the years; recently added features include a new control system and a safer and longer-lasting main fuel pump. Both General Electric and Pratt & Whitney had lobbied hard to win the contract. While GE officials disparaged their competitor as "Brand X," Pratt & Whitney executives dismissed GE as the "lightbulb company." Last week Pratt & Whitney proclaimed in a full-page newspaper ad that the F100 was "a new bench mark for fighter engine reliability and durability." One battle in the Great Fighter Engine War is over, but the fighting is sure...
...cause of all this uproar last week was the government's decision to award approximately 75 percent of Navy and Air Force fighter engine contracts to the General Electric company (GE). The Pratt and Whitney subsidiary of United Technologies (UT) had previously been the sole supplier of the F-15 and F-16 Air Force fighter engines, and the F-14 Navy engine. Surprise, surprise--Sen. Dodd's and Rep, Kennelly's home state of Connecticut also happens to be the home of Pratt and UT, while much of the new GE business will be done in Lynn, Mass...
...Force and the Navy justified their new choice of engine suppliers on a need to diversify contractors, to ensure competition, and thus to enhance quality. This may very well be true: but Sen. Kennedy's labeling of this switch to GE as a "great victory for the American taxpayer" should be seen for what it is--an unabashed play for hometown votes. Senators and representatives necessarily operate under certain restrictions, and one of these has always been constituent pressure. Tip O'Neill, Alan Cranston, and Edward Kennedy are no exceptions to this rule. When defense "pork barrels" look...