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...need," shrugged Peru's President Fernando Balaunde Terry, "we will buy them from any other country willing to sell to us." And possibly cheaper, since Europe is hungry for the business. The Swedes are offering the Saab Draken fighter for some $700,000, compared with $900,000 for Northrop's slower (Mach-1.3) F-5 Freedom Fighter (see U.S. BUSINESS). Brazil claims that five-year terms are the best it can get in the U.S.; the British are offering ten years. As a result, the Brazilians ordered ten Avro-748s from Britain last month, and took an option...

Author: /time Magazine | Title: Latin America: The Great Arms Race | 11/11/1966 | See Source »

Survive & Win. Built by Beverly Hills-based Northrop Corp., the plane is that rarest of all U.S. birds: the military jet that succeeds without a fat Pentagon order. So far, some 300 F-5s have been purchased by 15 countries, ranging around the globe from Ethiopia to Canada to South Korea. On the books, Northrop has orders for 800 more, worth a total of $600 million...

Author: /time Magazine | Title: Aviation: Riding the Little Tiger | 11/11/1966 | See Source »

...line aircraft builder, famed for its World War II P-61 Black Widow fighters and the F89 Scorpion all-weather jets, Northrop went through a severe slump in the late 1950s. To keep the company going, Northrop President Thomas V. Jones, 46, pushed the company into electronics and aerospace projects; Northrop now produces such diverse hardware as missile-tracking equipment, Gemini recovery systems and navigation gear for Polaris subs...

Author: /time Magazine | Title: Aviation: Riding the Little Tiger | 11/11/1966 | See Source »

WORLD WAR II was barely over and the great recessional of the colonial powers had not yet begun when Yale's Professor F.S.C. Northrop published The Meeting of East and West, in which he flatly described that meeting as "the major event of our time." To a U.S. deeply preoccupied with a seemingly shattered Europe, that statement two decades ago appeared vastly exaggerated. Today few would question it. The problems, needs and challenges of Asia weigh ever more heavily on the Western mind. The East-West encounter will undoubtedly dominate the rest of the 20th century...

Author: /time Magazine | Title: Essay: ON UNDERSTANDING ASIA | 7/1/1966 | See Source »

Behind these prime contractors, scores of specialists ranging from Aerojet-General (rocket fuel) to United Aircraft (jet engines) are pursuing prosperity with a diversity of projects. Nine allied countries fly Northrop Corp.'s hot twin-jet F-5 fighter, and the company is developing deep ocean bases for the Navy, building three broadcasting stations in Ethiopia, and teaching budgetary accounting to the Nicaraguan government. Comsat has just placed a $35 million order for 24 satellites with Cleveland-based TRW Inc. Martin Marietta last month won the first production contract, for $12,085,430, for the Walleye glide bomb...

Author: /time Magazine | Title: Aerospace: No End in Sight | 2/11/1966 | See Source »

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