Word: grummans
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...contractor was Long Island's Grumman Aerospace Corp., builder of the Navy's long-awaited F-14 fighter, a swing-wing Mach 3 jet that is designed to waylay any enemy missile-armed bombers sent to attack American ships. In 1969, the Pentagon awarded Grumman a contract to build 722 of the planes, figuring to pay $11.5 million for each of them, or $8.3 billion for the lot. But last April, a Grumman official formally announced to Navy headquarters that it had become "commercially impracticable" for his company to construct more than the 38 planes that...
...Rage. The news sent Deputy Defense Secretary David Packard, the Pentagon's procurement administrator, into a hot rage. He was angered at Grumman for not putting up danger signals earlier, though Evans says that he "outlined" his cost problems to Navy officials as far back as September 1969. Behind closed doors in his E-ring Pentagon office, Packard repeatedly chewed out Navy brass for failing to give him early warnings of Grumman's troubles. Some of the officers present during these sessions later called Packard "unreasonable." One result of the mess is that Vice Admiral Thomas F. Connolly...
...amendments to the bill as recommended by a forthcoming Pentagon report on the F14. The report will almost certainly urge a drawn-out production schedule, providing fewer planes than the Navy would like and at higher costs than originally projected. Whether Hébert and Packard will abide by Grumman's final cost estimates is still open to question. If no deal can be worked out, says Grumman's Evans, "we should turn it off and get out of here." Any attempt by Grumman to abandon its contract might well result in a lengthy court battle with...
Quesada is now smoking contentedly. He produced figures proving that as of April 26, the common stock of the ten companies (Lockheed Aircraft, General Dynamics, McDonnell Douglas, United Aircraft, North American Rockwell, Litton Industries, Grumman, Ling-Temco-Vought, Boeing and Raytheon) was worth $4,723,814,437. On the same date the common stock of Avon Products was valued at $5,618,240,682. It is comforting to learn that the nation values beauty above bullets. It is also disconcerting to think that American women need all that much help to look pretty. But in fact, by a more traditional...
Chicago is multiple dwellings, and the proportion rises as high as 90% in such suburbs as Oak Park. At the core of the problem is sheer population pressure. "It's more crowded here now," says Joseph McCarthy, 36, a Grumman Corp. engineer who lives in East Northport, L.I. "A few years back it was almost a rural area. Now you have traffic to contend with that you never had to worry about before...