Word: aircrafting
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Senate Republican leader Bob Dole has two builders of small aircraft, Cessna and Beech, in his state of Kansas. They employ 12,300 people and contribute more than $1 billion to the state's economy. Thus when a 10% tax on the purchase of all small planes was proposed, Dole took off. He got the surcharge limited to those costing more than $250,000, which exempts virtually all of the ones built in his state. Dole has received at least $4,250 from the two manufacturers. Dole also got special treatment for an old friend -- Dwayne Andreas, president...
...gold-plated weapons systems of dubious military value. The House had proposed halting production of the B-2 Stealth bomber beyond the 15 currently authorized. But House-Senate conferees approved $4.1 billion to continue the program. The Pentagon has been trying to kill the vertical-takeoff V-22 Osprey aircraft, but Congress, seeking to protect jobs in 34 states, voted to spend $603 million to keep the program alive. The trouble-plagued Strategic Defense Initiative survived with a $2.9 billion appropriation, $1.6 billion less than the Administration requested. While the Pentagon sought $1.7 billion for six C-17 cargo planes...
...Pentagon already flying new variations on the Stealth series of radar- fooling aircraft? Military aficionados think they've spotted at least two new planes near U.S. testing bases. One version is believed to be a prototype of the A-12, a successor to the Navy's A-6 attack plane, which is expected to cost some $60 million apiece. The plane has no vertical tail surface, giving it the appearance of a manta ray, according to one witness. Little is known about a separate aircraft being tested in northern California, which spotters say appears to be a successor...
Boeing launched its new 777 jet with a supersonic deal last week when United Airlines became the first customer for the advanced twin-engine plane. In the largest purchase of commercial aircraft ever, United placed $22 billion worth of orders and options on 128 Boeing jets, including 68 777s. The deal will enable Boeing to mount full-scale production of its first new jetliner since it began selling its 757 and 767 models...
...Smith last August, is likely to operate in ways far different from his predecessor. Smith, an autocratic manager with a purely financial background, made sweeping strategic moves that included launching Saturn and spending billions of dollars on high-tech robotics and such acquisitions as Electronic Data Systems and Hughes Aircraft. Stempel, by contrast, is an authentic "car guy." His most important attribute may be his reputation as a steadfast team player, since almost everyone agrees that GM's challenge now is to better motivate its work force (total employees...