March 13, 1972

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Outlook

New Technology Program, Election Year Fiscal Stimuli May Spur Aerospace

Business looks better for the aerospace industry in 1972—a bit better. That is the common denominator of the promise of the Nixon Administration's new technology game plan and the reality that 1972 is an election year, brimming with the usual melange of political persiflage and economic prescriptionizing.

By William H. Gregory

Military

White House Seeks Backing For Technology

Washington—New technology opportunities program unveiled last month by William Magruder in his role as presidential adviser could mean $5-8 billion for the private sector of the economy as well as new jobs over a five-year period. The program put $700 million for civil programs and $150 million for military aviation work in the Fiscal 1973 budget and is expected to call for $1-1.5 billion a year for at least five years.

Growth Trends:

British Aerospace Industry

London—Economic stimulation of the British aerospace industry and a growing Soviet threat to North Atlantic Treaty Organization countries have forced the British government to exceed its planned 1972 defense expenditure target by $158 million.

March 61972

March 201972

March 13, 1972

March 13, 1972