Word: rb
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Dates: during 1970-1979
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Footnote: baseball statisticians have announced this is the 52nd spring in the past 77 with recorded rabbit-ball accusations. That's an RB average...
...rumors that a Tory Cabinet minister had received a $ 1 million payoff three years ago to prevent Air Holdings Ltd. from backing out of its commitment to order 30 Lockheed TriStars (with options for 20 more). Since the TriStar was the one plane that could use Rolls-Royce RB-211 engines-and therefore the plane on which the Tory government's efforts to bail out bankrupt Rolls-Royce's aero-engine program depended-it seems unlikely that Lockheed would have to bribe government officials into backing the purchases. A Labor M.P. called for a parliamentary investigation...
...loan guarantee to keep the TriStar project going. The new loans would come from private banks, but would have Government backing and would be as secure as Federal Reserve notes. If Congress goes along, the British are expected to let Rolls-Royce proceed full speed ahead on the RB-211 engines, which were designed specifically for the TriStar air frame. Then 10,000 Lockheed employees working on the TriStar and 14,000 other workers at more than a thousand domestic subcontractors can stop worrying about their jobs...
...British government proposed formation of a new company, to be owned 50-50 by it and Lockheed, that would produce RB-211 engines for the TriStar. The partners would pledge by cross-warranty to carry on-the British to keep producing. Lockheed to keep buying. The government would immediately put $144 million into the new firm. That may sound good for Lockheed, as this figure is Haughton's own estimate of the money that will be required to complete development of the engines. But there is a catch: Lockheed would have to pay any further development costs-and British...
...Rolls has solved most of the technical problems, but at the cost of financial exhaustion. Latest estimates are that each RB-211 will cost $1.1 million to produce, so that Rolls faces a loss of $260,000 on every engine. By last November, Rolls was appealing to the government for help. The government responded by promising to contribute $100 million but imposing a management reshuffle that installed Lord Cole, former chairman of Unilever, as chairman...