Word: sst
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Dates: during 1960-1969
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Charades & Spinsters. When the corporate planners do not, for whatever reason, provide for themselves, continued Galbraith, the state comes through "a little too miraculously." When more technocrats are needed, government steps up educational spending. The state also provides demand for the "more risky technology," such as the SST and other "misfortunes." Antitrust is a slick "charade," killing unimportant mergers but not touching established giants...
...Corp. and Boeing Aircraft Co. for the long-range, 1,800-m.p.h. model to be used in overseas flights. President Johnson is expected to make the final decision about Jan. 1. The FAA also ordered a quick investigation of whether either design could be adapted into a medium-size SST that would avoid the sonic boom that may well restrict the larger plane from flying over land routes. For that study, the FAA gave a $65,000 contract to North American Aviation...
...possibility of ordering both Lockheed and Boeing to produce a prototype long-range SST, as some airlines have been urging, the Administration figures that it would be too costly in both time and money. The Government's share of development so far has swelled to $350 million, may well top $1 billion before the first U.S. model goes into service about 1974, three years after the smaller, slower Anglo-French Concorde. U.S. planemakers now argue that further delay in building the U.S. SST could let the European plane grab the market. The stakes are huge, not only for industry...
Lift for the SST. The company has also revved up its relations with the Pentagon, which stunned Boeing by awarding the TFX (now F-lll) fighter to General Dynamics in 1962 and the giant C-5A cargo plane to Lockheed last year. Boeing's massive research and development program should help it to capture a bigger share of aerospace and defense work. Among the potential $1 billion-plus projects up for grabs: the AMSA (advanced manned strategic aircraft) bomber project...
...designs next January, Boeing's prospects got a lift last week. After ten U.S. and 20 foreign airlines responded to a secret Government survey of design preferences, the Wall Street Journal polled the lines on its own. "By a narrow margin," said the Journal, they favored the Boeing SST...