Word: northrop
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Dates: during 1980-1989
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...English scholar once wrote, "has been in a state of war every weekend since 1945." The gibe has more than a little truth to it. On weekends rifle ranges around the country resound with the din of thousands of Swiss practicing their marksmanship. At the same time, Northrop F-5E Tiger fighter jets skim along mountain faces and blue-gray-uniformed figures clamber down couloirs and across alpine meadows. With a militia of 625,000 men, Switzerland, as the well-worn saying goes, does not have an army, it is an army...
...billion will have to be hacked out of defense plans over the next five years. One reason: giant, multi-year spending commitments in the early 1980s are still rolling through the budgets like a giant bow wave, pushing aside other priorities. One of the biggest is the Northrop B-2, which is now expected to cost $530 million per plane, making it the most expensive weapons system in history. Eliminating the plane would create huge savings, but the effect would be felt across the U.S., as 126 contractors in 46 states have a stake in the project...
...year slowdown in defense spending is already hitting military contractors hard. Since 1982, the number of U.S. companies turning out hardware for the Pentagon has plummeted from 120,000 to just 40,000. At most major defense firms, profits are down and payrolls are being slashed. Los Angeles-based Northrop, which lost $78 million in the second quarter, is cutting its work force by 3,000 workers, to 41,000. St. Louis-based McDonnell Douglas (1988 defense sales: $9.7 billion), the largest U.S. military contractor, reported a loss of $48 million during the same period. If Cheney sells his plan...
...employees in Southern California. No new planes are being built at the Lockheed aircraft plant just north of Atlanta, which once produced such military mainstays as the C-130 and C-5 transports. Reduced to performing subcontracting jobs for Boeing and Northrop, the plant has chopped its 20,000- worker payroll in half...
...Northrop is under attack on several fronts. The Air Force is complaining about shoddy workmanship in the Los Angeles company's Tacit Rainbow anti-enemy radar missile project, and the entire system, which could be worth an estimated $3 billion to the company, seems vulnerable to being cut from the Pentagon budget. Former Northrop employees charge the company with filing at least $400 million in questionable expense claims in connection with the development of its MX missile-guidance system. In addition, the Government is looking into allegations that the company bribed South Korean officials in the hope of boosting overseas...