Aviation: The Biggest Order

Since Lockheed Aircraft Corp. built its final turboprop Electra seven years ago, the Burbank, Calif., company has been searching for ways to get back into the passenger plane business and balance its space and military contracts with airline orders. Supersonic jets were one way, but Lockheed lost the SST contract to Boeing. Air buses—giant planes carrying double today's passenger load at subsonic speeds—were another way, and here Lockheed has at least been successful. In a joint announcement last week, TWA, Eastern Air Lines and a British firm called Air Holdings, Ltd.,...