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Word: overrunning (lookup in dictionary) (lookup stats)
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...admirals also suspect that they have been victimized by the practice of "buy-in," long familiar to the aircraft and electronics industries. A company "buying in" enters a low bid to get a military contract, then submits enough overrun claims later to turn a handsome profit. The Navy, too, is guilty of a form of buyin. It submits to Congress fairly low requests for funds, then returns for more to pay for overruns...

Author: /time Magazine | Title: Business: THE NAVY'S TURN TO SQUIRM | 11/21/1969 | See Source »

...overruns have immersed the whole Navy in a sea of red ink. Among the most expensive items: >-A new destroyer escort pleased the Navy so much on paper that the admirals ordered 46 in all-14 from Todd Shipyards, five from Lockheed, and 27 from Ogden Corp.'s Avondale subsidiary, which departs from tradition by launching its ships sideways, into the Mississippi River at New Orleans. After the ships were ordered, specifications were drawn and redrawn as the admirals sought scientific perfection-or were sold on new electronic gadgets. Many important parts were only in the development stage...

Author: /time Magazine | Title: Business: THE NAVY'S TURN TO SQUIRM | 11/21/1969 | See Source »

...Seattle yard. The seven ships were priced at $25 million each when the contract was signed in 1963. There have been many design changes, late delivery of gear, and the usual toll of inflation. Lockheed has not yet submitted its claim for what promises to be a large overrun, and the Navy is keeping its own estimate secret-while budgeting for the assault ships in its total overrun account...

Author: /time Magazine | Title: Business: THE NAVY'S TURN TO SQUIRM | 11/21/1969 | See Source »

...There's a picture of my ship on the wall. Things were different then, There are just too many people moving in here. Let me tell you something. During the last century, thousands of Chinese came to California. The Governor imposed restrictions upon their would have been simply overrun...

Author: By David Sellinger, | Title: How I Won the War: Canvassing for John Lindsay | 11/10/1969 | See Source »

...Education: A Black Paper. The latest barrage came this month with the publication of Black Paper Two: The Crisis in Education. Both were written by a group of traditionally minded novelists, politicians and educators. As they see it, England's thin red line of intellectual royalists is being overrun by "progressive" reformers who deliberately sabotage old-fashioned academic virtues...

Author: /time Magazine | Title: Education Abroad: Raging Against Reform | 10/31/1969 | See Source »

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