Word: 5a
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...Secretary McNamara set the tenure record last week, his shop churned out a series of announcements that suggested the massive size and shape of his operation: the Defense Department 1) announced that Lockheed Aircraft had won the hotly contested $2 billion contract for the new C-5A military transport plane (see U.S. BUSINESS), 2) awarded to Western Electric a $21.5 million contract for development of an advanced Zeus anti-missile missile, and 3) promised a decision within 90 days on whether to begin production of an anti-missile system that could cost between $7 and $20 billion. The department also...
...every day, or every year, that a company gets a $2 billion contract in one swoop. Last week California's Lockheed Aircraft did-for construction of the world's largest transport plane, the C-5A. After months of deliberating over three proposals, the Defense Department gave the nod to Lockheed, whose bid for building 58 of the planes was lower by $250 million than the next lowest bid. Lockheed thus nosed out two tough competitors-Boeing and Douglas-to snare the aerospace industry's prize of the year. It will deliver the first C-5A...
...four-engine, pure jet C-5A will be big enough to carry 600 armed troops or the army's heaviest trucks and tanks, yet nimble enough to land on short, front-line airstrips. It will make possible direct flights from the U.S. to any trouble spot in the world, also has enormous potential as a commercial carrier that could transport both passengers and air cargo on international flights at much lower fares than at present. It will fly 30% faster (550 m.p.h.) than Russia's huge AN-22, which is only a turboprop, carry twice the payload...
Toughest Scramble. The C-5A carries a message for the U.S. aerospace industry: Government contracts from now on are apt to be fewer and bigger -and cost more just to compete for. Vastly increased costs of development, and the Pentagon's desire to avoid duplication, have already severely reduced the number of Government contracts and set the $20.7 billion aerospace industry off on the toughest competitive scramble in its history. Still, the rewards are so great that airframe companies have no choice but to compete...
...Lockheed's selling points in the C-5A competition was its know-how in the manufacture of military transports, including two of the most effective, the C-130 Hercules and the new C-141 Star-Lifter. On top of $7 million from the Government, Lockheed since 1957 has put $11 million of its own money into its C-5A project, set up a special division at its Marietta, Ga., plant and hired 2,000 people to work on research, mockups and planning of construction facilities. Into its full-scale mockup, Lockheed put a completely equipped instrument panel, hooked...