If GD sells all the assets it has put on the block, it will go from an $8.75 billion company (by 1991 sales) to a $6 billion company - if its remaining businesses continue at their current sales rate, which is unlikely in today's defense spending climate.

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.

In November 1989, GD acknowledged that F-16 production had fallen as many as 20 planes behind schedule because of production problems. The problems cost GD millions of dollars in delayed government payments, contract adjustments and overtime pay.

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.

The MiG-31 is a long-range interceptor designed to cruise over Soviet airspace and knock down enemy aircraft and cruise missiles. Dubbed "Foxhound" by NATO officials, it is the first Soviet plane to have a radar enabling it to shoot down aircraft outside the pilot's visual range.

Soviet MiG Expert Not Impressed by F-117A

PARIS – To one of the Soviet Union’s top warplane designers, America’s F-117A stealth fighter-bomber is no big deal.He doesn’t think the aircraft’s accomplishments in the Persian Gulf War were all that impressive, and he’s confident that one of his own fighters could detect the F-117A and shoot it down.

Joint Strike Fighter

U.S. Seeks Partners for $250 Billion Fighter Jet

PARIS – Europeans have an affinity for things American. They wear Levis, eat Big Macs, idolize Hollywood stars, and, fortunately for the Pentagon, fly U.S.-made jet fighters.With that in mind, the Defense Department is at full throttle trying to sign up European and other allies to share the staggering $250 billion cost of its Joint Strike Fighter program.

Defense Merger Takes Flak

WASHINGTON – Officials from Lockheed Martin and Northrop Grumman said yesterday they expected the Justice Department to attempt to block a $12 billion merger of the defense companies if antitrust concerns cannot be resolved.

Air Force Pilots Jumping Ship

LANGLEY AIR FORCE BASE, VA. – At age 31, Capt. Glen Gentile has a job that a lot of Americans fantasize about. An Air Force fighter pilot, he spends his days pushing his F-15 Eagle to the edge of its supersonic capability. But while Gentile enjoys the excitement of speeding through the skies faster than sound, he and others like him have begun to tire of the demands of leadership in the post-Cold War world.

U.S. Defense Firms Woo Old Foes

LONDON – For decades, workers at Lockheed Martin’s plant in Texas built F-16 fighters that could shoot down Soviet MiGs. But coming changes in NATO now have the defense giant scrambling to sell its fighters to old foes.