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...reactor program, the committee estimates that an annual expenditure of $200 million to $225 million would be required, with the Government's share around $150 million to $200 million, the rest coming from industry. Against this, the Joint Committee on Atomic Energy had proposed $250 million to $275 million. The difference could be partly met by switching money already in the AEC budget. But Washington guessed that if AEC Chairman McCone vigorously pursues the advice he solicited, he will have to fight with the Budget Bureau for more civilian reactor funds...

Author: /time Magazine | Title: ATOMIC ENERGY: Power Compromise | 1/26/1959 | See Source »

...Knolls Laboratories near Schenectady, N.Y., G.E. is designing a twin-reactor, pressurized-water system for the world's largest submarine, the U.S.S. Triton. It is building a reactor system for the Navy's first nuclear destroyer, studying a boiling-water reactor for use in a merchant ship...

Author: /time Magazine | Title: ATOMIC ENERGY: The Powerhouse | 1/12/1959 | See Source »

Phillips Petroleum (1957 sales: $1,136,892,901) runs the national reactor testing station at Idaho Falls, Idaho, where extensive testing of reactor prototypes and components is carried out. It operates several reactors for its own use and that of the AEC, produces 1,725 tons of uranium concentrate daily at its mill at Grants...

Author: /time Magazine | Title: Business: THE NUCLEAR PIONEERS | 1/12/1959 | See Source »

Alco Products (1957 sales: $160,628,000) is constructing the nuclear system for a 1700-kw. power and space heat reactor for the Army Corps of Engineers at Fort Greely, Alaska, has $9,000,000 in contracts for several nuclear reactor systems and for research and components...

Author: /time Magazine | Title: Business: THE NUCLEAR PIONEERS | 1/12/1959 | See Source »

...Industries (1957 sales: $294,592,000) is constructing a 22,000-kw. boiling-water reactor for the AEC at Elk River, Minn, for completion in 1960, test and research reactors for use in Sweden, The Netherlands and Italy...

Author: /time Magazine | Title: Business: THE NUCLEAR PIONEERS | 1/12/1959 | See Source »

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