Word: tehran
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...training and technical assistance to the Iranian national carrier, Iran Air. Now, with the use of Pan Am's terminals and expertise in maintenance and promotion, the Shah intends to turn Iran Air into a major international airline, carrying tourists and businessmen from all over the world to Tehran, where $5 billion in new construction and renovation is under way. The first steps of the expansion have already been taken. Iran
...chief, Lieut. General Ali Khademi, recently ordered three Boeing 747 jumbos and plans to acquire three Concorde supersonics for the airline. Iran Air's first regular New York-to-Tehran service will begin...
Nowhere is the boom in arms sales more apparent than in the Persian Gulf. "There is very little on the outer reaches of military technology that is not coming into this area," notes a Western diplomat in Tehran. With oil profits exceeding $56 billion last year, the nations of the Gulf have plunged into what may well become the most expensive and competitive arms race in history. In the past two years, Iran has gone on such an arms-buying spree that it has spent $7.6 billion in the U.S. alone acquiring one of the world's most modern arsenals...
...staffed by U.S. experts who, with their families, form a colony of 5,000. The Shah's navy includes nearly 40 destroyers, frigates and Hovercraft?some armed with missiles. Iran is now so important a customer for American arms that the head of the U.S. military mission in Tehran, Air Force Major General Devol ("Rock") Brett, has direct access to the Shah...
...year Iran bought a 25% chunk of the steel-producing division of West Germany's Krupp concern for $100 million, and Iranian banks participated in a $200 million loan to the Grumman Corp. Last week the Shah also unveiled a grandiose $5 billion project for the modernizing of Tehran, his capital...