Word: sst
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Dates: during 1960-1969
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Glory & Jobs. The aircraft industry still remains more than hopeful that the President will eventually provide the necessary money. The industry points to several practical values in speeding up SST work. One is that eventual foreign sales of $40 billion would help the balance of payments. Another is that the Government would recoup everything it laid out in the shape of royalties. Beyond that, the SST, as the biggest single venture ever undertaken by U.S. industry, will create at least 100,000 new jobs across the country. The plane is too big for Boeing to build alone; Avco Corp., Fairchild...
Allen, who has moved Boeing into the leading place among U.S. planemakers during his 21 years as president, will have to do his biggest selling job on Lyndon Johnson, who displayed his ambivalence about the SST in his handling of the announcement of the design winners. Washington had been awash with rumors that the announcement was imminent and that Boeing had won, but Acting Press Secretary Robert Fleming, with the President in Austin, declared that he was "confident" that no announcement was about to be made...
...next morning, at a televised press conference, President Johnson was asked about an SST decision. "We don't have any definite date," snapped Johnson. "General McKee will have an announcement in connection with it shortly." As it happened, "shortly" turned out to be "now" because officials concerned forgot about the one-hour time difference between Washington and Texas. At the same moment, Federal Aviation Agency Administrator William F. McKee in the capital was telling another press conference about the Boeing-General Electric decision...
...reason for Johnson's foot-dragging about the SST is political: he is having trouble with liberal Democratic Senators who fear that the nation's antipoverty program will suffer cutbacks in favor of any spending for the B-2707. Seeking a $200 million supplemental appropriation for SST design work last August, the White House anticipated routine approval. Instead, Wisconsin's William Proxmire led an attack on the project, damned it as "a jet-set frill," finally wound up on the short end of a vote more narrow than anyone expected. Voting with Proxmire, among others, were both...
...President and Congress maintain this mood, the ceiling may be lowered for a U.S. industry that has built 78% of the 9,000 airline planes now flying worldwide and is confidently expected to nail down the supersonic market as well after 1974. SST work elsewhere is rolling along. The Russians are hard and quietly at work on the TU-144. In Toulouse last week, the Concorde prototype's wings were mated to its body and the $3 billion project is keeping right on schedule toward scheduled flight in 1971. The Concorde is smaller, slower and less rangy than...