Word: sst
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...Administration was handed one defeat last week when the Senate voted 58 to 37 to reject an $85 million House appropriation for the SST. Helping persuade the Senate to take this action was none other than Boeing's board chairman, William M. Allen, who candidly admitted that it would cost between $500 million and $1 billion to revive the project...
...addition to those two "organizational" programs, Common Cause played a significant role in the defeat of the SST and is now actively lobbying for total withdrawal from Vietnam by December...
Fatal Estimate. Actually, a great deal had changed, especially at Boeing. Having dismantled the SST operation over the previous seven weeks, Boeing Board Chairman William M. Allen estimated the day after the House vote that it would now cost between $500 million and $1 billion in fresh Government financing to get the project going again. Said Allen: "In this business you just don't turn it on and off like a spigot...
Allen's estimate may be a fatal blow to the new hopes for the SST. Supporters of the plane have argued that the price of going on would actually be less than the cost of terminating the project...
Last week's House appropriation must still survive the Senate, which last March voted 51 to 46 to cancel the SST. Senators may be more reluctant to reverse their ground. Anti-SST Senators were confident of defeating the new appropriation in a vote this week. If they do not, they will undoubtedly try to filibuster it to death...