Word: sst
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Dates: during 1960-1969
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Calculating the potential market for the SST with conservative care, the FAA figured that sonic-boom problems would limit the aircraft to routes over oceans and sparsely populated areas. On that basis, it predicted sales of 500 planes, at $40 million each, by 1990. By the time the first SST is delivered to an airline in late 1974, the cost of building two prototypes, production facilities and parts inventories will total some $4.5 billion, including $3.43 billion at Boeing, which is assembling the airframe, and $1.07 billion at engine-building...
After four months of subsonic scrutiny, the White House last week decided to go ahead with the construction of a supersonic transport. The President authorized Seattle's Boeing Co. to build two prototypes of the delta-winged. 338-ton 1,800-m.p.h. SST, which will fly 300 m.p.h. faster than the Russian and joint British-French prototypes already being built, and will carry 300 passengers to its competitors' 130-odd. The U.S. aircraft, to cost $40 million each, will be able to fly from New York City to Paris in two hours and 20 minutes, v. seven hours...
...David C. Hazen: "We've seen nothing we haven't seen before." Publisher Piel was not discouraged. He sticks with his original postulate that "there is, right now, flying down some hallway or out of some movie-house balcony in Brooklyn, the aircraft that will make the SST 30 years obsolete." But Piel's seven-year-old daughter Nelle remained unconvinced. Said she: "I think it's silly. It's just for advertising...
...crashes on others, notably the Electra. As the Defense Department's biggest single contractor five years running, Lockheed has seen its profits increase to more than $51 million (on sales of over $2 billion) last year v. $37,200,000 in 1962. Though disappointed over losing the SST competition to Boeing, the company expects continuing defense demands, diversification into such areas as oceanography, will keep it healthy...
Currently living on a month-to-month basis, the SST must get some $250 million in new funds if construction is to begin this summer. And rather than see their delivery dates postponed well beyond 1974, the airlines are likely to come through with the cash. As it is, the Administration ploy is no great surprise. New Transportation Secretary Alan S. Boyd, whose department will take over the SST, was not exactly speaking sotto voce last month when he told Senators at his confirmation hearings that "I would like to see private enterprise put up as much money...