Word: sst
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Dates: during 1960-1969
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...will be the richest and most prestigious contract in the history of U.S. commercial aviation, and last week the nation's leading planemakers lined up in Washington to declare whether they wanted to bid for it. At stake was the contract to build a supersonic transport (dubbed the SST) to compete against the 1,500-m.p.h., delta-wing Concorde that an Anglo-French combine is building and plans to test...
...airlines to ensure them a place in line for the Concorde, and their down payments will be returned if the Concorde does not meet the promised specifications; but that is little solace for U.S. airframe makers, who are now in high confusion over American plans for an SST...
Advised by Lindbergh. Though a presidential decision on the SST had been expected, Kennedy's timing was obviously triggered by what he called "competition from across the Atlantic." Only the day before, Pan American World Airways' crafty President Juan Trippe, 63, announced that he had ordered six supersonic Concordes from a government-sponsored Anglo-French consortium. The needle-nosed Concordes will fly at Mach 2.2 (or 2.2 times the speed of sound), are expected to enter commercial service in 1968. (Trippe went after the Concorde at the urging of Pan Am's distinguished aviation consultant, Charles...
Kennedy was vague on details about the U.S. supersonic project, but what he did say sounded encouraging to U.S. industry leaders. He called for an open competition among U.S. airframe and engine makers to design an SST that would fly at "the end of the '60s at a speed faster than Mach 2." Kennedy is expected to ask Congress this summer for a supplemental appropriation of $100 million or more to get the program started at once. The total development costs for an SST may run as high as $2 billion, most of which will be advanced...
...unintentional boost from the Concorde consortium, which has set up a cozy delivery plan under which only Air France, BO AC and Pan Am will receive the first 18 planes. Since production of the 18 will probably run well into 1969. the U.S. may be able to deliver its SST to the rest of the world's airlines almost as soon as the consortium can, thus capture a good part of the market and hopefully help to repay a big part of the Government's costs...