AVIATION: Flying Low

The $11 billion-a-year aircraft-manufacturing industry, fifth biggest in the U.S., is troubled and worried. Despite enormous backlogs of orders, most companies feel insecure, not only about the future but also about the present. Warned United Aircraft's Chairman H. M. ("Jack") Horner: "All of our military business is in jeopardy." What has put it in jeopardy is the change that missiles have brought to the industry. They not only promise the end of manned military bombers and fighters, but have brought such other lightning changes that huge projects, calling for hundreds of...

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