Pentagon urges contractor teamwork on future fighter programs
The Air Force notes that two or more defense firms are forming teams to design and test advanced fighters. Five firms collaborate on the NASP X-30 project, sharing major sections and subcontracting, with Northrop, Lockheed, General Dynamics, Boeing, and McDonnell Douglas leading distinct fuselage and wing components. Both teams will fly prototypes this summer and compile data through year end.
MENTIONED IN THIS ARTICLE
Pentagon
Lockheed
Northrop
Lockheed-General Dynamics-Boeing
McDonnell Douglas
John J. Welch
Air Force For Acquisition
ATF
General Dynamics
Boeing
Air Force
Smith Corona projects loss and dividend cut in Q4
Smith Corona Corp expects a small operating loss and a dividend cut for the fourth quarter ending June 30. The firm cites inventory write-downs and non recurring provisions for major overhead reductions, with 350 layoffs at its Cortlandville plant amid slow sales. The stock closed at 5.375, down 0.875, and the company will issue its report later this month.
MENTIONED IN THIS ARTICLE
Smith Corona Corp
Smith Corona
New Canaan
G. Lee Thompson
Cortlandville
Microwave Filter expands by acquiring Niagara Scientific stake
Microwave Filter buys all 34,000 Niagara Scientific shares by issuing 300,000 of its own stock, about 10.7 percent. Niagara Scientific will operate as a subsidiary with its president Carl Fahrenkrug becoming Microwave Filter's VP of corporate development to drive growth and acquisitions. Niagara Scientific employs 22 people. Microwave Filter, 90, reported 1989 sales of 5.8 million and earnings of 418,000, with projections this year of 7.1 million in sales and 490,000 earnings.
MENTIONED IN THIS ARTICLE
Niagara Scientific
Microwave Filter
Carl Fahrenkrug
Bostick
Fahrenkrug
MFC
Shareholders sue Fleet Norstar over hidden loan losses
Angry investors in Fleet Norstar Financial Group Inc sue in Providence alleging failure to disclose loan problems, inadequate reserves, and overconcentration in speculative real estate. Loans jumped from 398 million to 928 million in Q1, driving a loss since 1974. Fleet stock fell to near 18.62 amid lawsuits and a regulatory probe.
MENTIONED IN THIS ARTICLE
Providence
R.J
Fleet
Norstar Financial Group Inc
U.S. District Court
Providence Journal-Bulletin
Atlantic Ventures buys 95X radio station
Atlantic Ventures reports a sale of 95X to new owners from Manhattan and Bronxville after a loss of 500000. The buyers plan to preserve the current rock format targeting listeners aged 18 to 49 while emphasizing modern facilities and a broader demographic appeal in Syracuse.
MENTIONED IN THIS ARTICLE
Seven
Manhattan
Vassar
Bronxville
Hartford
95X
Syracuse
Wright
Notice of Proposed Centrex III Tariff for Optional Feature
A proposed tariff filing with the Public Service Commission plans to add an optional Centrex III feature for routing IDDD calls via an alternate IDDD carrier per access code. The change, effective August 10, 1990, limits to one IDDD carrier per code and blocks 9 011 dialing for IDDD, with ARS options, plus rate clarifications to the Centrex service stability rules and related connection and rewire charges under Tariff PL.C. No 900.
MENTIONED IN THIS ARTICLE
Centrex
Public Service Commission
Not Currently Recyclable Plastics List
The guide notes that polystyrene products such as foam cups plates and packing material are not recyclable. It also lists clear plastic wraps and wraps used on food, plastic mower pots and seedling containers and plastic eating utensils as nonrecyclable.
MENTIONED IN THIS ARTICLE
Toye
New York State Recycling Guidelines for Beverage Containers
Reminder covers returnable container act and disposal steps. It explains returning bottles and cans at grocery stores, or including them with recyclables if return is not possible. Instructions specify rinsing food cans, discarding lids or caps, and flattening optional to save space.
MENTIONED IN THIS ARTICLE
Onondaga County
Haly
New York State
Also Mentioned on This Page
Itate
Norstar
Financial Services Company
New York Stock Exchange
New York Exchange
Charles T. Conway Jr
Securities and Exchange Commission
Atlantic Ventures
Atlantic
Leven
James
ADV
Ertise
New York
Teleph
Syracuse Recycling Information
City of Syracuse
CITY
Enn
Onanda
Tom Young
Pexapor Aku
Weato
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