Douglas given edge in bid for Canada jet fighter pact
Canada eyes a 23 to 25 billion dollar contract for 130 to 150 high performance jet fighters with Grumman and McDonnell-Douglas as leading contenders. Offset terms, industrial benefits, and national defense priorities shape the competition among 6 manufacturers including Panavia Tornado and Dassault-Breguet FIE. Canada’s defense spending and industrial strategy are under NATO scrutiny as evaluators expect a 2.5 year process with first jets due around 1980.
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Saudis plan 50 percent oil capacity rise to curb prices
Aramco chairman Frank Jungers says Saudi Arabia will boost oil production capacity by about 50 percent by 198%, aiming to meet rising demand and help keep world prices down. The move comes as OPEC divisions widen and Aramco eyes nationalization by year end with new fields discovered and reserves increasing.
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