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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 02, 1969
Page
2
Laird labels cost overruns in the weapons program as a major problem area. He stresses budgetary pressures and management challenges affecting timelines and defense spending. The remarks flag systemic issues and urge closer oversight and corrective actions.
Defense Secretary Laird and Admiral Moorer told a congressional subcommittee that overruns push the deficit past 1 billion dollars. They cited inflation driven increases and canceled or deferred programs including the F111 swingwing jet, MK-48 torpedo, and shipbuilding projects. Laird outlined a list totaling over 1.6 billion in overruns with calls for new appropriations to cover the shortfall.
Master Builders of Iowa recognized Blahnik Construction Co. Cedar Rapids and Schoff Construction Co. Lisbon for outstanding safety records. Blahnik earned best one year safety record in its size class, while Schoff received best one year and best three year records. Governor Ray presented awards at a Des Moines breakfast during the Miss Iowa pageant week. convention continues through Wednesday.
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