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...steady improvements. According to Admiral Moorer, they produced about eight new fighters in the 1960s, a decade in which the U.S. turned out only one?the problem-ridden F-111. Now the U.S. is developing two new fighters, the F-15 for the Air Force and the F-14 Tomcat for the Navy. The Tomcat is equipped to carry the Phoenix missile, which is capable of knocking out the Soviets' newest interceptor, the MIG-25, but costs $23.3 million ?more than twice the original estimated price. The Soviet Union has the edge in antiaircraft missiles. Its air defenses boast...

Author: /time Magazine | Title: DEFENSE: Arming to Disarm in the Age of Detente | 2/11/1974 | See Source »

...Beech from a $7.7 million loss in fiscal 1970 to a $7,000,000 profit the next year. Now the family management team has begun merger negotiations with troubled Grumman Aircraft, which lost $70 million in 1972 mostly because of cost overruns on the Navy's F-14 Tomcat fighter plane. Grumman officials contend that those troubles are now well behind them and that a merger between Beech and Grumman could provide a tremendous boost for both companies by mating Grumman's strength in research and development (it built lunar modules for the Apollo space program) with Beech...

Author: /time Magazine | Title: Business: The Air Apparent | 8/20/1973 | See Source »

...that they deliver weapons at contract prices even if cost overruns hurt the companies. In particular, the Navy has come to the edge of a court battle with Long Island's Grumman Corp., which has flatly refused to build more than the first 86 of 313 F-14 Tomcat fighter-bombers called for in a contract unless the Navy increases the $16.8 million price per plane. Yet at the very time that their squabble was being aired a month ago, the Navy was advancing Grumman millions of dollars in loans that commercial banks had refused to make. Last week...

Author: /time Magazine | Title: CONTRACTORS: The Navy as Banker | 1/15/1973 | See Source »

Grumman's action was prompted by the Navy's decision to exercise its option to order 48 more F-14 Tomcat fighter-bombers at a cost of $16.8 million each. Within hours, the company announced that it would not deliver the planes at that price. The terms of its contract, said Grumman, were legally unenforceable. Grumman took its case to the public in full-page ads in the New York Times, Wall Street Journal and Washington Post. The company, which has contracted to build as many as 313 Tomcats, said that it has already lost...

Author: /time Magazine | Title: DEFENSE CONTRACTORS: Grumman v. the Navy | 12/25/1972 | See Source »

...tortuous monologues. One of Rafelson's most certain talents is a nearly preternatural instinct for working with actors, and Nicholson and Dern give consummate performances. In such diverse parts as the bemused attorney in Easy Rider, the laborer and fugitive musician in Five Easy Pieces, the tomcat of Carnal Knowledge, Nicholson has already displayed remarkable range. David, so thoroughly introverted, so tentative, is the most demanding role he has had so far partly because it does not give him the chance to do what is easy for him -display sudden rage, ruthlessness, a casual, cunning kind of cool. Here...

Author: /time Magazine | Title: Cinema: Winter Dreams | 10/30/1972 | See Source »

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