Word: profitable
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Dates: during 1980-1989
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...York State's Carborundum Co. had sold the chemical boron carbide to two prime contractors that were building nuclear reactor cores. Rickover said the company had made a 25% profit on these sales. The GAO agreed...
...companies insisted that special factors, such as stringent Government specifications and inspections and the heavy investment required to produce items in limited demand, had justified their high return. Rickover had contended that a 1934 law that limits profits on renegotiated Government contracts to 10% for ships, but that does not cover various supplies, was a proper gauge of a generous profit...
Navy Secretary John Lehman suggested that both Rickover and the GAO were wrong. "This Administration disagrees with Admiral Rickover's idea that there is something wicked about profits," he said. "We want our contractors to make a nice solid profit...
...convinced that Syria, even with its new Soviet-supplied equipment, could not win a shooting war with Israel, and, moreover, that it could not profit diplomatically from engaging in such a war. Nor does the U.S. see any signs that Israel might be preparing a pre-emptive strike, at least not yet. The Israelis are concerned about the military buildup in Syria. But they are also worried about the risk of greater casualties in Lebanon, and they are particularly interested at the moment in patching up their relations with the U.S. Indeed, suggests a Middle East specialist in Washington...
...thanks to lower interest rates and a flood of new deposits, the thrift industry is beginning to revive. San Diego's Home Federal, for example, lost $33.9 million in 1982, but it had a $4.4 million profit in the first quarter, and the outlook for the rest of the year is good...