FACING a slash in its budget, the Air Force is already pulling in its belt on noncombat planes. It canceled orders for 420 T36 trainers placed with Beech and Canadair, recalled 37 C-54 transports that it had leased to airlines. The Navy also canceled Temco Aircraft's "secondary source" contract for some 100 F3H-1 Demon jet fighters. McDonnell Aircraft, the primary supplier, was unaffected. Current backlog of all aircraft orders: $18 billion, enough to keep the industry busy for more than two years.
DESPITE higher VA and FHA interest rates, mortgage money remains short...
To continue reading:
or
Log-In
