B1 bomber costs rise by 14.5 million to 76 million
New Pentagon estimates raise the intercontinental B1 bomber cost to 76 million each, up 14.5 million from prior figures. The Air Force defends the need amid missiles and unmanned craft, noting a crisis would favor a manned bomber as a stabilizing option. Rockwell leads the program with GE engines.
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Thieu denounces U.S. aid cuts and corruption at home
Saigon reports President Nguyen Van Thieu criticizing the United States for reducing military and economic assistance, blaming allies for a weakened economy and rising Communist pressure. He vows a crackdown on corruption while denying personal involvement, as Cambodia reports 500 Communist deaths near Kompong Chuang.
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Inflation hike to lift Pentagon defense budget totals
The Pentagon projects inflation will raise current weapons program costs by about 16 billion dollars, a 15 percent increase, boosting the total to around 1.44 trillion from the late 1950s through 1990. The forecast raises next year’s defense budget request and criticizes prior inflation estimates as too low.
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