AVIATION: Cutback Casualties

The U.S. Government last week took an old-fashioned ax to the next generation of U.S. military aircraft in what may well be the start of a new cutback in aircraft and missile programs. The Air Force announced that it was abandoning plans to produce high-energy boron aircraft fuels at Olin Mathieson Corp.'s two-city-block, $45 million plant near Niagara Falls, which was scheduled to deliver its first batch of exotic fuel this month. It also canceled a contract with the General Electric Co. for producing the J-93-5 engine to power North American Aviation's...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!