Word: tristar
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Dates: during 1970-1970
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...giant jets, even the largest players have taken jumbo losses. Boeing Co. suffered severely when engines for its 747s were delivered late. Pan Am has had to scrub some 747 flights because of persistent bugs in the engines. Financially shaky Lockheed has sunk hundreds of millions into developing its TriStar jumbo jet, which is scheduled to make its first flight this week. Lockheed has 178 orders for the TriStar, far fewer than it needs to break even...
...steeply rising price of staying in the competition was underscored by a British government rescue operation to save Rolls-Royce, the company famed for its costly cars ($22,000 and up in the U.S.) and superb aircraft engines. Rolls-Royce is building the engines for Lockheed's TriStar and has already received $113 million in British government aid toward the power plant. That amount did not match the engineering costs, which are running twice as high as estimates made two years ago. Amid gasps of shock in the House of Commons last week, the Tory government announced that...
Beware of the Birds. Rolls-Royce's troubles are those of a cash-short player trying to keep up with the international competition. Its financial troubles have been compounded by technological problems encountered in developing the TriStar's engine. Rolls-Royce's pioneering use of "Hyfil"carbon fibers laminated with resinfor fan blades produced an engine that was lighter and more economical on fuel. But the Hyfil blades were vulnerable to damage by birds drawn into an engine during takeoff or flight. A 4-lb. bird makes an impact equivalent to two tons...