Word: sst
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Dates: during 1960-1969
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Hannifin would have even more trouble trying to fly the Hurdybird in the background of the cover. It is the artist's stylized conception of the next generation of aircraft-the 1,800-m.p.h. SST. Peter Hurd painted Tillinghast from life but he painted the plane of the future largely from his own imagination...
Staggering as those stakes are, the payoff promises to be well worth the effort. By FAA estimates, the SST could create at least 50,000 jobs for the prime contractors and their suppliers in 46 states, add $10 billion over 20 years to the nation's dollar-earning exports -of which the aircraft industry is already a major source...
Three-Year Handicap. Lockheed could still increase the size of its SST entry to match Boeing's, but it would have to hurry. Both companies must submit their final designs to the Government by Sept. 6, as must General Electric and the Pratt & Whitney division of United Aircraft Corp., which are battling for the $6 billion worth of jet-engine business. The airlines and the Federal Aviation Agency hope to pick two winners by January, award a contract to build a prototype followed by production models that will fly commercially...
...wants to capture the majority of the 800-plane world market for supersonic transports. The Anglo-French Concorde is moving on schedule toward a target of commercial service by 1971, and Russia's TU-144 may beat the Concorde by several months. The later-starting American SST will offer several advantages over the European models. It will be one-third larger, carry nearly twice as many passengers and, thanks to its heat-resistant titanium skin, fly faster. The Concorde is limited to 1,450 m.p.h. by its aluminum body, but it will be cheaper: only $15 million...
Payoff. Washington so far has picked up 75%, or $175 million, of SST development costs, and the bill may well soar to $4 billion. The Government intends not only to recoup its money but also to repay the losing firms' investment through still unspecified production royalties. Boeing has poured in $30 million of its own, has 2,400 Seattle technicians at work on the project. Lockheed has invested nearly $31 million in ten years of research and facilities for 1,900 engineers and other experts. In the engine competition, G.E. has spent $20 million, United Aircraft about $15 million...