Aircraft: How the SST Will Be Financed

"If you don't do a hell of a job," warned Federal Aviation Administrator William F. ("Bozo") McKee, "you sure stand to lose a hell of a lot of money." McKee was talking to negotiators from Boeing and General Electric, shortly after the terms of their FAA contract to build the U.S. supersonic transport were settled. Signed on May 1, and made public in detail last week, the contract is, according to McKee, "one of the toughest that has ever been written." It is certainly one of the biggest.

Calculating the potential market for the SST with conservative care, the FAA...

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