Word: lll
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Dates: during 1970-1979
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...overtook Lockheed as the U.S.'s largest defense contractor (total 1974 sales: about $2 billion), but the order comes at a time when the company needs a long-term contract to pick up the slack caused by a dropoff in production of the costly ($16 million each) F-lll swing-wing fighter-bomber. The YF-16 also offers General Dynamics an opportunity to polish up a reputation that was scarred by the cost overruns and mechanical problems that clouded the F-111 in the late 1960s...