GMC Breaks Out of the Mold
FORT WORTH – Not long ago, making the standard pickup commercial called for mixing outdoor shots with a few rugged-looking men doing construction work. That’s far from true today.
Minivans Maneuver for Maximum Profits
FORT WORTH – Starting in less than two weeks and extending over the next several years, Chrysler will face an onslaught of new minivan challengers – all aiming to claim the king’s crown and change consumer attitudes about the market leader.
GD Selling Lockheed its Fort Worth Division for $1.5 Billion
FORT WORTH – General Dynamics Corp. said today that it has reached an agreement with California-based defense giant Lockheed Corp. for the sale of its 20,000-employee Fort Worth Division for $1.5 billion in cash.
Lockheed, GD Teams Study Sale of F-16 Plant
FORT WORTH – Lockheed Corp. has appointed a team of employees to explore whether it should purchase General Dynamics Corp.’s Fort Worth-based tactical aircraft business, industry sources said.
GD Talking Sale of Fort Worth’s Largest Employer
FORT WORTH – General Dynamics Corp. is holding discussions with Boeing Co. and Lockheed Corp. about the sale of its 20,000-employee Fort Worth Division, high-ranking sources at GD and in the aerospace industry said.
Lockheed Chief Expects Jet Fighter Unit to Take Off
CALABASAS, Calif. – Daniel Tellep, chairman of Lockheed, talks about the company’s $1.5 billion purchase of a Texas jet fighter plant that many in the industry had slotted for certain closure.
Clinton Vows Support for New Air Force Fighter
WASHINGTON – President Clinton threw his support behind the F-22 Raptor yesterday, saying it would be a mistake for the United States to abandon plans to produce the next-generation stealth fighter, which has become a target of House budget-cutters.
Buckle Up Baby on Flights, FAA Urges
WASHINGTON – The Federal Aviation Administration warned yesterday that children flying without assigned seats on airliners are especially prone to injury during periods of air turbulence.
Faltering Falcon: F-16 Accident Rate Rises as Air Force Seeks Cause
WASHINGTON – The F-16 fighter has spent most of the decade flying difficult missions in the Persian Gulf and Bosnia, while compiling a solid safety record. But Air Force officials have become concerned that the F-16 or the engines are showing their age.
F-22 Overruns Create Odd Blend of Opponents
WASHINGTON – It used to be easy to tell the hawks from the doves on Capitol Hill, but the dogfight over Lockheed Martin’s prized F-22 Raptor has left even veteran budget watchers wondering where the battle lines are drawn.
Marines Roll Out Newest Vehicles, Including V-22
QUANTICO, VA – Before a hangar full of Pentagon brass, politicians and defense industry executives, the Marine Corps showed off three of its newest vehicles yesterday, including Bell Helicopter Textron’s V-22 Osprey.
A Giant Holds on by Going to Pieces
FORT WORTH – When there was a Soviet Union, General Dynamics F-16s, Trident submarines, Abrams tanks and cruise missiles were major players in America’s defensive strategy against its superpower foe. Now that the Berlin Wall has crumbled, the Soviet Union is shattered and U.S. defense spending is being pared, GD is shrinking.
Air Force Blasts GD for F-16 Production Woes
FORT WORTH – In a harshly worded letter to top management, the Air Force has asked General Dynamics Corp. to correct problems in F-16 production in Fort Worth that the government says could hinder the company’s efforts to keep building its primary jet fighter on schedule.
