Word: textron
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Dates: during 1980-1989
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...January. In his plan, Cheney hopes to spare major strategic weapons like the B-2 Stealth bomber by trimming smaller but costly programs, notably Grumman's F-14D jet fighter (saving: $2.4 billion) and the V-22 Osprey ($7.8 billion), an innovative tiltrotor aircraft made by Boeing and Bell Textron. The Defense Secretary worked the Capitol Hill corridors last week to make his case, while President Bush courted key Senators and Representatives over a series of White House breakfasts...
RALPH ABERNATHY, who was vice president of the Southern Christian Leadership Conference, is now senior pastor of West Hunter Street Baptist Church in Atlanta. -- WILLIAM ANDERS, Apollo 8 astronaut, is now senior executive vice president of Textron Inc. in Providence. -- FRANK BORMAN, Apollo 8 astronaut, heads Patlex Corp., a small California laser company, after serving ten years as chairman of Eastern Airlines. -- STOKELY CARMICHAEL, former head of the Student Non-Violent Coordinating Committee, is now known as Kwame Ture and lives in Guinea. -- ALEXANDER DUBkCEK, who was head of the Communist Party of Czechoslovakia, has retired from a minor post...
Some firms look even farther afield and try to recruit workers outside their region. But often the chief obstacle to attracting new employees is the high cost of housing, so some potential employers have tried to compensate. An auto-parts division of Textron based in Dover, N.H., gives some of its new white-collar employees short-term "bridge" loans for housing at below-market interest rates. Last year the state's average home price was $136,000, nearly 60% higher than the U.S. median...
...Jones works to save a few of the firm's 47 remaining properties, he still occupies a handsome suite of offices in Kroh's five-story headquarters building on Ward Parkway. But on the chair in which he sits is a little white tag that reads PROPERTY TEXTRON FINANCIAL CORPORATION, IRVINE, CALIFORNIA. That chair, along with nearly every other piece of furniture in Kroh headquarters, is leased, and must be returned to Textron unless the Kansas City company can pay up its outstanding balance soon...
...Iran. Defectors from the Iranian air force confirm that South Korea has provided these parts as well as spares for the Iranian F-4s. One of them told TIME, in addition, that Agusta, an Italian company operating under agreements with the State Department and Fort Worth-based Bell Helicopter Textron Inc., supplied Iran with Chinook choppers in violation of U.S. licensing rules. Says a Pentagon official: "A lot of countries are buying far more supplies than their air forces could ever use. But we have no way of monitoring resales...