Word: whitney
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...duel was as fierce as an aerial battle. On one side was United Technologies' Pratt & Whitney unit, long the sole source of jet engines for the F-15 and F16, the Air Force's two top fighters. On the other was General Electric, which has been struggling to win some of that lucrative business. At issue was one of the biggest defense prizes ever: a long-term contract to build more than 2,000 engines for the F-15 and F16. The award could ultimately be worth $17 billion over the 20-year life of the engines. Following...
General Electric. For at least the first year, said the Pentagon, General Electric would fly off with 75% of the contract, while Pratt & Whitney would have to settle for the remaining 25%. During that initial year, GE will build 120 engines, and Pratt & Whitney will construct 40. The Pentagon said it was particularly impressed with GE's warranty and its plan to let other firms bid to supply spare parts. Air Force Secretary Verne Orr called the warranty issue a key element of the competition. On Wall Street, investors correctly anticipated the Air Force action. General Electric stock closed...
...founder of abstract expressionism honored at the Whitney...
Willem de Kooning will be 80 in April. To have reached such an age, still bravely painting, is to have outlived all one's enemies and most of one's friends; by now his reputation can hardly be diminished, which may be why the Whitney Museum has had no choice but to enlarge it a little more. If de Kooning is not quite an American Picasso, at least he has been in every art history book, and in the mind of every artist, for the past 30 years. His career started late-he did not even have...
...With these and other gaps, one gets a less than full picture of the artist at his best, up to his 60th year. By the time the show gets to Europe and other early works have dropped out, it will be patchier still; a pity, since the Whitney plainly wants the show to revise art history with a bang, installing de Kooning in Pollock's place as the central hero of abstract expressionism...