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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
May 27, 1971
Page
4
At the Paris Air Show the TU144 and Concorde stand side by side for first comparisons. The TU144 uses more titanium and seats 120 to 180. the Concorde seats 128 to 144. The TU144 may fly Mach 2.3 with a 4000 mile range. the Concorde Mach 2.2 with a 3600 mile range.
Lockheed Aircraft Co. disclosed an $86.28 million net loss for 1970, up from $32.64 million in 1969, or $7.60 a share versus $2.90. The firm warned that without financing for the L101 TriStar program it could face bankruptcy. Writeoffs for major defense programs total about $484 million, with $190 million written off in 1970, and interest costs rose to $32.3 million.
Sen. Walter Mondale criticizes Air Force backed Rand Corp study on the shuttle urging that a two stage launch plan would push space program costs to as high as 25 billion next decade and 1400 billion over 20 years while unmanned flight could meet near term needs with lower expense.
The Coast Guard seized four Cuban fishing boats with eight crewmen after detecting hand line fishing inside the U S 12 mile zone near Dry Tortugas. The Steadfast towed the vessels to Dry Tortugas and then to Key West for federal court detentions. A prior February seizure and fines are noted along with Castro's threat to send more boats.
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