Word: triads
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...arms deals last week claimed a victim of a different sort. In Los Angeles, Triad America Corp., a cornerstone of the U.S. business empire of Saudi Arms Dealer Adnan Khashoggi, filed for Chapter 11 bankruptcy protection. Khashoggi lost millions of dollars in the secret weapons sales...
...affording his own fantasy life. Despite the Iranian deals, his days as a big-time arms broker are past. He has invested in ambitious development projects around the world, several of which have come undone. In Salt Lake City where Khashoggi launched a $1 billion real estate venture, his Triad America company is being sued by dozens of contractors and investors for $140 million. In the Sudan, his multibillion- dollar plan to turn the desert nation into a breadbasket failed when his friend President Jaafar Numeiry was deposed. Khashoggi is also suffering smaller indignities. French authorities last week seized...
Khashoggi's most public debacle has been in Utah, where he was attracted by what he believed were prime development opportunities. The centerpiece of his $1 billion Salt Lake City project is the Triad Center, a $400 million, 25-acre complex of office buildings, a hotel and retail shops. Work stopped after only about a third of the glitzy complex was completed. Khashoggi refuses to cave in to Triad's creditors, among them architects, contractors and banks. "They loaned the money against the collateral, the Triad Center," he says. "Now they hear rumors about my cash-flow problems and call...
...potential of nuclear power at sea and who tugged and cajoled a reluctant Navy to develop and install reactors in submarines. Today "the silent service" fostered by Rickover is the foundation of U.S. sea power, and missile-launching subs make up the least vulnerable leg of the U.S. strategic triad...
Midgetman is intended to join the land-based leg of America's nuclear triad, which includes bombers and missile-firing submarines...