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...switched Pentagon buying away from lax, cost-plus contracts toward fixed-price, incentive awards. Increasingly, defense contractors must sharpen both their engineering and their bids to win business. Efficient operators who trim costs or beat delivery schedules are rewarded with higher profits; fumblers are being winnowed out. Says Northrop Chairman Tom Jones: "It's a sporty course...

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

...bunkers. At the other end stands Camp Friendship, near the town of Korat, where 500 Americans and 850 Thais stand watch over $30 million worth of tanks, Jeeps, armored personnel carriers, and artillery, enough to support a U.S. brigade. The Royal Thai Air Force is soon to receive 18 Northrop-built F-5 jet fighters, while the tough Thai infantry's Garand rifles will soon be replaced with light, fast-firing Armalites, which are much better suited to the miasmic conditions of jungle warfare. Radar and reconnaissance planes will add long-range vision to the 14,000-man Thai...

Author: /time Magazine | Title: Thailand: Reciprocating a Kindness | 12/24/1965 | See Source »

...longer journeys, Bendix and Boeing (with $800,000 in Government contracts) and Northrop (on its own) have designed balloon-wheeled mobile laboratories that can transport two men 250 miles. General Dynamics is working on a moon train made up of two-wheeled modules that could be linked together to form units of almost any length. General Motors and Bendix have been given about $400,000 each to build mockups of lunar vehicles. For fast hops-and possibly for emergency rescues-later explorers may have a "moon plane," a two-man flying platform with a range of 30 miles; the Government...

Author: /time Magazine | Title: Space: Business on the Moon | 10/29/1965 | See Source »

...Starting Point. The moon business only begins with transportation. Martin Marietta has a $90,000 contract to create a drill to explore 10 ft. below the lunar surface, Westinghouse and Northrop more than $500,000 each for a 100-ft. drill. Ralph Stone & Co. of Los Angeles is spending $100,000 to develop vacuum containers to carry rock samples back to earth. Under an $88,000 contract, Martin is also making lunar tools, including a lightweight geological hammer, a hand lens and a scale to weigh rocks in the light gravity. Westinghouse is spending $4,800,000 to make tiny...

Author: /time Magazine | Title: Space: Business on the Moon | 10/29/1965 | See Source »

Dividing his crowded days among business, education and culture. Carter serves as a director of Pacific TelePhone & Telegraph, Northrop, Southern California Edison, United-California Bank and Western Bancorporation, as a trustee of the Brookings Institution and Occidental College and as a director of the Stanford Research Institute. Though his rimless glasses and whisper-quiet voice give him the air of a professor (he once declined an offer from the Harvard Business School to become one), Carter is still a shrewd salesman. When he was asked to raise 12 million to help build the Los Angeles Art Museum, he persuaded...

Author: /time Magazine | Title: Department Stores: The West's Biggest Chain | 9/24/1965 | See Source »

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