SPACE TECHNOLOGY
Titan 3 Program Involves Five Major Incentive Fee Contracts
Cape Kennedy — Bonus incentive fees amounting to $1.1 million for four prime contractors for the USAF Titan 3C were riding on the first launch of the vehicle, successfully carried out at Cape Kennedy June 18. Unlike incentives for later launches in the program, these were contingent on meeting all flight objectives. This provision, designed to encourage cooperation among the contractors, meant that a failure in any one contractor’s area of responsibility lost incentives entailed in this flight for all the contractors involved.
By William H. Gregory7 min