Word: sst
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Dates: during 1960-1969
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...Anglo-French consortium-British Aircraft Corp. and Sud-Aviation-and was shocked to see how far along the British and French were in building their needle-nosed Concorde jetliner, which will fly at Mach 2.2 (or 2.2 times the speed of sound). The market for a supersonic transport (or SST, as it is widely known) will at first be only 100 to 150 planes, and both U.S. and foreign airlines are naturally inclined to order the planes from the company that can promise the earliest delivery date. The Russians are also pushing ahead with an SST. Speed Debate. U.S. aviation...
...airframe makers to pool their skills, the result might give the airlines a plane whose performance and economy would make it worthwhile for the airlines to wait. The U.S. would still have to get its price right. According to current industry estimates, an American SST Mach 2 would cost about $12 million to $15 million apiece, while a Mach 3 would cost $20 million. The British and French are planning to sell the Concorde for less than $10 million. One difference is that the two European governments donated $500 million outright to develop the Concorde, while the U.S. government expects...
...President Eisenhower will ask Congress for $75 million to start development of a Mach 3 supersonic transport, which would cruise at altitudes of 55,000-75,000 ft., carry as many as 150 passengers. Government would have to contribute about $500 million before the first SST could fly in 1970. A likely builder: North American Aviation, now making the 2,000-m.p.h...