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B1 Project costs run $292 million below estimates
North American Rockwell Los Angeles Division officials report cost reductions cut the B1 bomber program to about 2.3 billion from 2.7 billion. Major Gen Douglas Nelson cites savings of 292 million over four years. By end of current year 178 million spent, 8 million below estimates. next year now about 370 million versus 600 million forecast. About 3,200 workers now, rising to over 6,500 by year end. Leadership notes no impact on schedules or performance. first flight planned May 1974 with three test models.
MENTIONED IN THIS ARTICLE
North
American Rockwell
Los Angeles
Air Force
Rockwell
Richard F. Walker
Walker
Nelson
James Worsham
General Electric