Defense: Dented, but Bigger

When Defense Secretary Robert McNamara vowed last year to make some economy dents in defense-spending, he promised President Kennedy savings of $750 million. Last week Manager McNamara reported that he had exceeded his goal. He had, he said, saved $1.1 billion. Examples of how:

> By shifting more than a million excess Air Force rockets to the Army, which needed them for its attack helicopters, he saved the $41 million that new rockets would have cost.

> By substituting commercially available hydraulic "mules" for the specially designed electronic apparatus used to shut the doors of Minuteman missile silos, he cut the cost...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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