Word: sst
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...freshman Democrat, he had the temerity to criticize Majority Leader Lyndon Johnson as dictatorial. A liberal on most issues, he has been conspicuously economy-minded during the Kennedy and Johnson Administrations. Proxmire often chips at public-works projects and appropriations for the space program, has attacked the Government-sponsored SST (supersonic transport) project as a "frill...
...then, however, the Franco-British SST Concorde should be setting commercial aviation records. A full-scale mock-up of the droop-snoot plane was a big attention-getter at the air show. Larger than the Russian TU-144 SST and carrying about half as many passengers as the American version, the Concorde is scheduled to make its first flight on Feb. 28, 1968. The estimated price of the plane has already jumped from $7,000,000 to $21 million. Even so, the partners hope that when the 1,450-m.p.h. Concorde goes into commercial use in 1971, it will snare...
Calculating the potential market for the SST with conservative care, the FAA figured that sonic-boom problems would limit the aircraft to routes over oceans and sparsely populated areas. On that basis, it predicted sales of 500 planes, at $40 million each, by 1990. By the time the first SST is delivered to an airline in late 1974, the cost of building two prototypes, production facilities and parts inventories will total some $4.5 billion, including $3.43 billion at Boeing, which is assembling the airframe, and $1.07 billion at engine-building...
...contract provides for cost sharing between the Government and the builders on a 90%-10% basis-but only for some expenses. Boeing will actually get only $726 million in cash-on-the-line federal funds. To appease a reluctant Congress, ten U.S. airlines currently holding options on the SST volunteered $1,000,000 in "earnest money" for each of the 52 planes they have ordered. Future "progress payments" from airlines should come to $1.35 billion; tax relief in the development phase will mean another $310 million. In all, by 1975 Boeing will have scraped up a fantastic $1.06 billion...
After four months of subsonic scrutiny, the White House last week decided to go ahead with the construction of a supersonic transport. The President authorized Seattle's Boeing Co. to build two prototypes of the delta-winged. 338-ton 1,800-m.p.h. SST, which will fly 300 m.p.h. faster than the Russian and joint British-French prototypes already being built, and will carry 300 passengers to its competitors' 130-odd. The U.S. aircraft, to cost $40 million each, will be able to fly from New York City to Paris in two hours and 20 minutes, v. seven hours...