Word: tigersharks
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Dates: during 1980-1989
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...Northrop Corp. bills its F-20 Tigershark jet as a lean, mean, less costly fighting machine. Its rival for the affections of Pentagon purchasers is General Dynamics' F-16 Fighting Falcon, the trim singleengine warplane that has been an Air Force staple for 2 1/2 years. Originally designed primarily for foreign sales, the F-20 has not sold a single plane; apparently foreign buyers are not interested in a plane that the Pentagon will not buy. In an attempt to crack the market, Northrop made an extraordinary offer to sell 396 F-20s to the Pentagon at $15 million apiece...
India, which has relied on the Soviet Union for most of its weapons, is trying to diversify its arms sources. It has entered into talks with the Northrop Corp. about being the first overseas customer for the F-5G Tigershark fighter plane and with another American company regarding the possible purchase of up to $1 billion worth of artillery and ammunition. But the purpose of Gandhi's trip was primarily to promote a greater understanding of each country's aims, which, Reagan noted, will bring "a rediscovery of how important we are to one another...
Airplane manufacturers fared only slightly better. Lockheed Corp. managed to increase its profits 51% to $51.8 million, but that was partly because of money it had saved by discontinuing the L-1011 jetliner program. Northrop Corp. lost $1.6 million because of start-up costs for its new F-5G Tigershark jet fighter...