Douglas edge in race for Canada jet fighter deal
New York reports four American and two European manufacturers compete for a Canada jet fighter contract valued between 2.3 and 23 billion dollars to produce 130 to 150 aircraft. Grumman and McDonnell-Douglas lead, offset terms up to 80 percent eyed, with Canada seeking industrial benefits and strategic defense spending.
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Saudis to boost oil capacity to meet growing demand
Saudi Arabia plans to raise oil production capacity by about 30 percent to 1982, targeting 16 million barrels a day. Aramco chief Frank Jungers said the firm would push expansion to keep prices down amid OPEC shifts and rising world demand, with Aramco operations expanding and a full nationalization expected by year’s end.
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Ter
Joseph Story
United States
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