Word: hornets
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Dates: during 1980-1989
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...Navy and the Marine Corps intend to buy 1,366 of the twin-engined supersonic planes by 1990; the contract price for 1983 is $22.5 million per plane. Known as the Hornet, the aircraft has been approved by the Navy in its fighter role, but it has not yet been accepted as suitable for bombing runs off carriers. Tests disclosed that it cannot, as promised, fly fully loaded off a carrier, reach targets 630 miles away and return without refueling. But production has been proceeding apace at the McDonnell Douglas Corp...
...House Appropriations Committee charges that the Navy has used "irresponsible funding manipulations" and has been guilty of "concealing some essential facts." It accuses the Navy of using funds left over from other aircraft programs to hide recurring cost overruns on the Hornet, of shifting money from testing equipment and other support facilities to meet the rising production bills, and of spreading the expenditures incurred in previous years over contracts that should apply only to current or future years. In addition, the committee asserts that the Navy has held down its ostensible costs by delaying the installation of essential combat equipment...
...whether the Navy has acted lawfully, or it will refuse to approve more spending for the plane. Weinberger, in a three-paragraph reply, promised to do both. Democrats on the Hill are searching for big-ticket items to knock out of the defense budget. The buzzing about the Hornet may be music to their ears...
Despite such measures, the company's long-term prospects are anything but secure. Unless sales snap back soon, the name Wurlitzer may be fated to start fading from memory, like such once famous brands as the Hudson Hornet and the Atwater-Kent radio...
Ellen Porter Hornet, assistant senior tutor in Lowell House, said paint is already peeling in her room, a common phenomenon that many feel is indicative of the hectic pace at which work was conducted this summer...