Word: aircrafting
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...basis of radar sightings and strange sonic "air quakes," aircraft buffs have been speculating for years about the existence of a secret U.S. spy plane they call Aurora. The speculation is over, says Jane's Defence Weekly. A definitive report prepared by the British military-affairs journal describes the stealthy craft as a triangular-shaped hypersonic jet fueled by liquid methane and capable of cruising at Mach 8 (5,280 m.p.h.), 2 1/2 times the world record. Jane's key piece of evidence: the report of an aircraft- recognition expert who actually saw the plane fly over a North...
...acquisition further accelerates a realignment already well along in the industry. Ford Motor Co. sold its missile and satellite operations to Loral Corp., and Hughes Aircraft acquired General Dynamics' missile operations. Faced with continued shrinking of the market, all the major defense firms are reviewing the betting. Predicts Gordon Adams, director of the Washington-based Defense Budget Project: "The bloodletting will continue...
...victory lap in Washington would be as much about symbols as substance. The Clinton camp found itself in a grudge match with its old rivals over who was the better steward of taxpayers' money. Top transition aide Warren Christopher initially asked the White House to provide Clinton with government aircraft and the use of Blair House. But Christopher found the costs prohibitive and opted instead for a chartered plane and suites in the Hay-Adams hotel. A wounded Marlin Fitzwater pronounced himself offended by the postgame round of one-upmanship. But when it turned out that the cost of extra...
DURING A VISIT LAST WEEK TO BEIJING, UKRAINIAN PRESIDENT LEONID KRAVCHUK was trying to peddle the 67,000-ton aircraft carrier Varyag, nearing completion in the Ukrainian port of Nikolayev. Selling the carrier may be difficult, though. The Russians, not the Ukrainians, paid for construction of the 922-ft.-long vessel, and can be expected to assert ownership...
...moved boldly under Roger B. Smith, chairman in the 1980s, but often in the wrong direction. Smith's stated aim was to gear up the company for the 21st century. Along the way, GM spent $70 billion on everything from industrial robots to the purchase of Hughes Aircraft and Perot's Electronic Data Systems. But despite the spending spree, GM's market share fell from 46% to 35% during the decade as consumers turned away from its unattractive products. Nor did GM have much success in transferring Hughes' electronic wizardry to auto assembly lines, or in using EDS to standardize...