January 24, 1994

View Full Issue Table of Contents

HEADLINE NEWS

PAC-3 DECISION CRITICAL FOR RAYTHEON, LORAL VOUGHT

BOSTON The competition between the Erint hit-to-kill missile and Patriot guided by a multimode seeker is pitting Loral Vought Systems versus Raytheon's Missile Systems Div. in a contest of great significance to both companies. The Pentagon is expected to select either Erint or multimode Patriot as the Pac-3 missile at an early March meeting of the Defense Acquisition Board (DAB).

By DAVID HUGHES6 min

HEADLINE NEWS

LOCKHEED TO OFFER C-130J TO BRITAIN

LONDON The U.K. Ministry of Defence this week will ask Lockheed Aeronautical Systems Co. to bid for the manufacture of up to 30 C-130J Hercules aircraft, an initial step that could provide Lockheed's first customer for the newest version of the military transport by the end of the year.

By CAROLE A. SHIFRIN4 min

HEADLINE NEWS

LASERS TRACK MISSILE PLUMES

WASHINGTON Los Alamos National Laboratory researchers are designing a satellite-based lidar that can accurately locate missile exhaust plumes and, within tens of seconds, give precise data both for intercepting the warhead during ascent and attacking the ground launcher—two problems Pentagon officials are anxious to solve.

By DAVID A. FULGHUM4 min

HEADLINE NEWS

INMAN BOWS OUT; SEARCH RESUMES

WASHINGTON The Clinton Administration is once again searching to find someone willing and able to take over the challenge of navigating the Pentagon through the most wrenching military drawdown since the end of World War 2. The surprise withdrawal of Bobby R. Inman as the White House's nominee for Defense Secretary has renewed the sense of uncertainty at the Pentagon that his appointment was intended to dispel.

By JOHN D. MORROCCO4 min

HEADLINE NEWS

AIRLINE CREDIT WOES UNLIKELY TO WORSEN

NEW YORK The U.S. airline industry's credit quality probably has bottomed out, although the group is apt to remain under considerable financial pressure for the next several years. Improved profits and cash flow, starting in 1994, are expected to gradually nudge credit ratings higher.

By ANTHONY L. VELOCCI4 min

January 171994

January 311994

January 24, 1994

January 24, 1994