Seattle, the American with the highest unemployment rate, may receive a much needed boost with the announcement of a further 148 and a half million dollar contract to the Boeing company.
Seattle, the American with the highest unemployment rate, may receive a much needed boost with the announcement of a further 148 and a half million dollar contract to the Boeing company. Seattle, which virtually survives because of the Boeing plant on the outskirts of the city, has been hard hit in recent months by layoffs at the factory with a subsequent chain reaction felt throughout the city's commerce and industry.
The shot in the arm for Seattle came with an announcement on Tuesday that the United States airforce had given a full production go ahead on its new Short Range Attack Missile (SRAM). The Boeing company was awarded a contract on June 30, 1970, for the procurement of items applicable to the production of SRAM. In Accordance with the terms of the contract, Boeing will receive nearly 148 and a half million dollars (about 59 million pounds) bringing the total amount obligated to date to just over 183 and a half million dollars (about 73 and a half million pounds).
SRAM is an air launched missile with a nuclear warhead and an internal guidance system. The missile is designed for use on the F-111, the controversial swing wing aircraft which itself was in danger of being phased out of service by the Air Force. It is also being included in the armament of the supersonic B-1 bomber now being developed for the Air Force.