Word: grummans
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...Sentries. The jet, which the U.S. deploys on the NATO front and in other key strategic areas, is a top- of-the-line technical marvel whose exact capabilities are classified. But Washington says it has no Sentries to spare, and has offered instead the much less sophisticated Grumman E-2C Hawkeye. Capable of tracking more than 600 targets at a range of 300 miles, the propeller-driven Hawkeye is slower and more vulnerable to attack than the Sentry...
Creating a 20% minimum corporate tax. This would prevent large, profitable companies from getting off scot-free at income-tax time, as many have done in the past because of loopholes. Boeing, ITT, General Dynamics, Greyhound and Grumman, among others, paid no taxes between 1981 and 1984, according to a study by Citizens for Tax Justice, a consumer and labor group. Commented T.A. Wilson, chairman of Boeing: "The complaint is that through various techniques, we defer taxes. I would just as soon have a minimum tax and take a lot less of that flak." The minimum tax would help finance...
...handicapped, among others. In Atlanta, one burger shop boasts an 80-year-old kitchen worker, while at a school for the deaf an information session on the jobs that deaf workers can effectively perform drew representatives from 20 local companies. Some firms are looking overseas for aid. Last October Grumman, the Long Island, N.Y., aerospace company, hired 28 engineers from Britain for six months to help design U.S. military aircraft. Says Miriam Reid, a Grumman spokeswoman: "We did it as a last resort. There's always been a shortage of engineers, but it is becoming more acute...
America's posties will soon be getting new wheels. The U.S. Postal Service disclosed last week that it will buy a fleet of modernistic aluminum vans from Bethpage, N.Y.-based Grumman to replace the familiar red-white-and-blue AM General Jeeps and trucks that deliver mail on U.S. streets. The $1.1 billion contract, the largest vehicle purchase in Postal Service history, calls for 99,150 new vans to hit the road between...
Defense Secretary Caspar Weinberger, visiting Ottawa, stayed in close touch with Washington through secure communications aboard his Grumman executive jet. Meanwhile the Saratoga, accompanied by the Aegis-class guided-missile cruiser Yorktown, was steaming in the Adriatic close to the Greek-Albanian border. All told, about 25 U.S. warships were stationed in the eastern Mediterranean, many of them with the sophisticated radar capability needed to pick the EgyptAir plane out of the heavy stream of regular Mediterranean air traffic...