ARMAMENT Cutback The Army last week announced big cutbacks in tanks and trucks under its program to concentrate defense production among primary suppliers as military stockpiles are built up. The total cuts including earlier ones will amount to about $100 million a month.
¶The Patton M48 medium tank, now being built by Chrysler, General Motors and Ford, will be built by only one of the three. Ford is already scheduled to stop production by year's end; Chrysler and G.M. will submit bids by August on the remaining M-48s to be built, with the...
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