ARMAMENT: Progress Report

In his third quarterly report on defense this week, Mobilization Boss Charles E. Wilson let drop some bad news. The rearmament program is lagging so badly that the peak in expenditures, originally scheduled for next July, will not be reached until October, 1952. Most of the lag, said Wilson, has been caused by temporary bottlenecks in fabrication and assembly, not by manpower or raw materials shortages. In the last three months, he estimated, deliveries of military goods rose by one-third to $5 billion. Wilson expects them to double within the next year.

Nevertheless, overall...

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