Word: grummans
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...work; then he runs into cost problems and manages to renegotiate the contract at a higher price. The Pentagon's budget suffers. Lately an angry audience of Congressmen, fed up with the repetitive drama, has been clamoring for the Pentagon to get tougher with defense contractors. Last week Grumman Corp. of Bethpage, Long Island, talked tough in return as it argued the basic question of who pays for cost overruns: the contractor or the taxpayers? The company risked a court fight by flatly refusing to fulfill a contract unless it gets more money...
...Grumman's action was prompted by the Navy's decision to exercise its option to order 48 more F-14 Tomcat fighter-bombers at a cost of $16.8 million each. Within hours, the company announced that it would not deliver the planes at that price. The terms of its contract, said Grumman, were legally unenforceable. Grumman took its case to the public in full-page ads in the New York Times, Wall Street Journal and Washington Post. The company, which has contracted to build as many as 313 Tomcats, said that it has already lost...
...Livingston Seagull, the subject of the cover story that Foote wrote this week. Bach was in Bridgeport, Conn., making repairs on his plane when Foote called to discuss the possibility of a small story about Jonathan's success and its new deluxe edition. "He said he had a Grumman Widgeon and seemed delighted that I knew it was an amphibian," says Foote. As head of TIME'S Books section, Foote had chosen not to have Seagull reviewed when it first appeared. That small story, says Foote "was going to begin, 'Jonathan Livingston Seagull is at my throat...
Thus, far from fearing peace, many big defense contractors look forward to it as an essential step in winning contracts for future projects. Says John C. Bierwirth, vice president of Grumman Corp.: "Once the present expenditures for daily combat support are behind us, the military will begin to improve current aircraft." In addition, under terms of the proposed settlement, the U.S. would continue supplying South Viet Nam with nearly all of its defense needs, including aircraft, tanks and guns. True, some war suppliers, mostly manufacturers of bomb casings and small-arms ordnance, will lose substantial business. As many...
...point of fact, no one in the world can convince the working-level people on Grumman's proposal team that North American turned in a better proposal than...