On the defensive: aerospace.(Farnborough, England air show glum due to international defense cutbacks)(Brief Article)
Economist (US), The, September, 1998
FARNBOROUGH
THE atmosphere was blustery, to put it mildly, when the aircraft makers of the world gathered this week for the 50th air show at Farnborough, west of London. A few days before parking their flying machines in the muddy English fields, the sector's American giants got an ominous message from their main military client.
The Pentagon simply did not have the money for all the defence systems it would like to buy, said Jacques Gansler, the bureaucrat in charge of procuring weapons for Uncle Sam. "Unpopular and extremely difficult action" might be needed-such as terminating some existing arms-making programmes-in order to free funds for the weapons of the future. "If we don't begin to break out soon from this death spiral, it will be impossible to...
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