Word: sst
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That figure now stands at $4.5 billion, and a few cost-conscious Congressmen insist that the U.S., rather than pay that price, ought to withdraw entirely from the SST race. Asks Wisconsin's Demo cratic Senator William Proxmire: "Is this the time to spend federal money on this jet-set frill...
When the first supersonic jet trans port takes off on a commercial flight, it will leave a contrail of money behind it. For SST development costs have far outdistanced early estimates. In 1962, U.S. planemakers figured that it would require $1.5 billion to bui'd an SST...
Nonetheless, work on the SST con tinues in Europe...
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...