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...military plane, part of General Curtis Le-May's Strategic Air Command. Though the Air Force has not yet placed a firm order, the 707 has been approved by the Air Policy Council and seems certain to be in the buying program as a flying tanker to refuel swept-wing jet bombers, thus give the Strategic Air Command more mobility and range. SAC's B-47 bombers now get refueled in the air on their 10,000-mile missions from prop-driven KC-97 tankers. To do so, the B-47s have to drop from...

Author: /time Magazine | Title: AVIATION: Gamble in the Sky | 7/19/1954 | See Source »

...bargain. He refused, contending that the strike was illegal under the union contract. Boeing stood to lose millions on Stratocruiser orders, but eventually, Allen won his fight. Boeing more than recouped its losses on commercial orders with orders from the Air Force for the KC-97, the cargo and tanker version of the Stratocruiser. To date, more than 500 KC-97s have come off the lines, a final vindication of Bill Allen's first big decision...

Author: /time Magazine | Title: AVIATION: Gamble in the Sky | 7/19/1954 | See Source »

...Navy was quick to reply. "No U.S. warship seized any Russian ship," said Admiral Felix B. Stump, commander of the U.S. Pacific Fleet. The State Department summarily rejected the Russian charge as "without foundation." Then the Chinese Nationalist government spoke up: the tanker had been seized by the Nationalist navy, because its cargo of fuel oil was a strategic material and was consigned to a Communist company in Shanghai...

Author: /time Magazine | Title: FORMOSA: Troubled Waters | 7/5/1954 | See Source »

...Russians over U.S. protests in 1953, was the latest trophy of the blockade which the Chinese Nationalists have tried to impose on mainland ports since 1949 with destroyers and patrol vessels given them by the U.S. In Kaohsiung, too, were two other recent prizes-the 8,207-ton Polish tanker Praca, seized last October, and the 5,958-ton Polish freighter Prezydent Gottwald, seized...

Author: /time Magazine | Title: FORMOSA: Troubled Waters | 7/5/1954 | See Source »

...warned that it "will be forced to take appropriate measures for safeguarding the security of Soviet Merchant ships," presumably hinting that it might provide naval escorts for them in Far Eastern waters. After thinking things over, Nationalist China this week announced that it had decided to confiscate the tanker's cargo but to return the ship itself...

Author: /time Magazine | Title: FORMOSA: Troubled Waters | 7/5/1954 | See Source »

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