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...early 1985 Adnan Khashoggi, a wealthy Saudi businessman, entered the picture. Khashoggi fostered ties to two Israeli arms merchants: Yaacov Nimrodi, a former army colonel and longtime Israeli military attache in Tehran during the Shah's reign; and Al Schwimmer, the founding president of Israel Aircraft Industries and a close friend of then Israeli Prime Minister Shimon Peres. He brought them together with Manucher Ghorbanifar, an Iranian arms dealer who was close to Iran's Prime Minister. According to the New York Times, the four met in London, where Ghorbanifar proposed that the Israelis ship TOW antitank missiles and Hawk...

Author: /time Magazine | Title: Israeli Connection | 12/1/1986 | See Source »

...buyers and investors are a bit impatient with GM, one reason is that the company has so heavily touted its new high technology without delivering much in the way of specifics. Many Wall Street experts see few major contributions so far from GM's acquisitions of EDS, Hughes Aircraft in 1985 and Britain's Group Lotus, the maker of rakish sports cars, this year. But as cars and auto factories become more electronic, GM's space-age alliances could help the company pass its competition. Indeed, none of GM's rivals have taken the giant's poor third-quarter performance...

Author: /time Magazine | Title: General Motors a Giant Stalls, Then Revs Its Engines | 11/24/1986 | See Source »

...high-flying hardware turns Top Gun into a 110-minute commercial for the Navy -- and it was the Navy's cooperation that put the planes in the picture. The producers paid the military $1.8 million for the use of Miramar Naval Air Station near San Diego, four aircraft carriers and about two dozen F-14 Tomcats, F-5 Tigers and A-4 Skyhawks, some flown by real-life top-gun pilots. Without such billion-dollar props, the producers would have spent an inordinate amount of time and money searching for substitutes, and might not have been able to make...

Author: /time Magazine | Title: The Pentagon Goes Hollywood | 11/24/1986 | See Source »

...taking this into account," Reagan said in his statement, "all of the shipments of the token amounts of defensive arms and parts that I have authorized or condoned, taken in total, could be placed aboard a single cargo aircraft. Any other shipments by third countries were not authorized by the U.S. government...

Author: NO WRITER ATTRIBUTED | Title: Reagan Decided to Sell Iran Arms | 11/20/1986 | See Source »

...headquarters in Vladivostok, the Soviet Pacific Fleet covers a 1,200-mile maritime zone that stretches south from the Kamchatka Peninsula to Viet Nam's Cam Ranh Bay, the vast airfield-and-port complex developed by the U.S. during the Viet Nam War. The Soviet fleet includes two small aircraft carriers, twelve nuclear-armed cruisers and 180 combat aircraft. On any given day, 25 to 30 Soviet ships are docked at Cam Ranh Bay, just 870 nautical miles from the U.S. bases in the Philippines. At an adjacent airfield is a squadron of 24 Soviet combat aircraft, including...

Author: /time Magazine | Title: Soviet Union Pacific Overtures | 11/17/1986 | See Source »

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