For most of U.S. industry, recent weeks have been rosy onesa time for reporting the increased earnings that confirm that recovery is indeed under way. But in the midst of this happy chorus came an ear-splitting burst of cacophonythe news that giant General Dynamics. 15th largest industrial corporation in the U.S.. had suffered a first-half loss of $39.5 million. More sobering yet was the fact that General Dynamics was suffering from a difficulty that besets the biggest names in the commercial airframe industry. Cause of the trouble: the jet transport.
The high...
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