FOREIGN TRADE: The Hunters

At the NATO conference in Paris last week (see INTERNATIONAL), the U.S.'s offshore procurement program got its biggest boost yet. The U.S. agreed to spend $282 million as its share of a $559 million NATO program to buy nearly 1,000 combat aircraft, the first big order to be let in Europe with U.S. money. By far the biggest chunk ($140 million) went to Britain for 450 Hawker Hunter supersonic jet interceptors and too Sea Hawk carrier-based jets, to be built by Hawker Siddeley. Another $42 million worth of Hunters will also be...

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