Word: millions
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Dates: during 1960-1969
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Barring last-minute hitches, American Airlines this week expects to sign a $750 million contract for some 30 to 35 McDonnell Douglas tri-jet DC-10s. Like Lockheed's airbus contender, the Douglas plane was devised to enable the airlines to fly travelers in economy-size flocks. With traffic growing at a steady 14% a year, the carriers consider air buses their best hope of avoiding menacing traffic jams in the skies between major U.S. cities in the '70s. Though primarily developed for hauls of 250 to 1,000 miles, the DC-10 will be capable of flying...
...start, McDonnell Douglas is grabbing the first-and possibly decisive-foothold in the 1,000-plane airbus market partly because U.S. airlines are still smarting over the performance of Lockheed's last commercial transport, the turboprop Electra. In 1959, Electras began coming apart in midair; Lockheed spent $25 million strengthening structural weaknesses, and the plane has performed splendidly ever since. With the American order in hand, Douglas may have a bargaining edge, too, with airlines such as United, Eastern and Delta, which are also shopping...
...exclusively for expenditures in the U.S.," Lufthansa went on to make it clear that most of the money would go for additions to me airline's intercontinental fleet, which consists entirely of U.S.-made Boeing aircraft. "Lufthansa," concluded the airline's advertisement, "has spent more than $550 million on American-built aircraft alone-and has already contracted for future delivery of over $130 million in American-built aircraft...
Looking ahead to even more difficult days, when jumbo jets carrying as many as 490 passengers start landing, Heathrow has announced a $25 million expansion plan. A T-shaped pier with telescopic ramps, capable of loading and unloading seven giants at a time, will be waiting for the Boeing 747 jets, which should be coming down the runways by December 1969 or early 1970. In addition, passengers are to be whisked to and fro on moving sidewalks that will connect boarding lounges with the airport's departure building and a new arrivals terminal, both situated approximately 300 yards away...
...strike has shut down some 60 facilities in 23 states and heavily damaged the economies of Arizona, Montana, Nevada, Utah and New Mexico. It has also added at least $200 million to the nation's balance-of-payments deficit, as copper users have been forced to turn to foreign suppliers, who now charge 700 a Ib. Despite union strike benefits, federal food stamps and county welfare payments, the strikers are hurting too. "Financially, I'm busted," said Machinist Wilbur E. Moses of Anaconda, Mont., last week. "But there ain't much we can do about...