• Short Summary

    The United States Navy's new fighter aircraft, the F-14 is nearing completion amid financial controversy.?

  • Description

    The United States Navy's new fighter aircraft, the F-14 is nearing completion amid financial controversy. The aircraft is in production at Grumman Aircraft in California. Gruman contracted to build the fighters at 13 million dollars (about 5.5 million pounds sterling) each. But now Grumman claims each aircraft will cost another extra 2 million dollars (800,000 pounds sterling).

    The United States Navy is insisting that the F-14's be provided at the price agreed upon. If this happens, Grumman claims it will go bankrupt.

    Other critics question the value of the aircraft. Senator William Proxire says the F-14, named the Tom Cat, costs four times as much as its predecessor, the Phantom, which can do the job as well, if not better than the F-14.

    The F-14 will have radar enabling it to see and fire rockets at targets 100 miles away. It is also equipped with short range missiles and a gun that fires more than 6,000 rounds of ammunition a minute.

    The F-14 is designed to fly from aircraft carriers. The U.S.S. Enterprise, the world's only nuclear-powered carrier is being outfitted to accommodate them.

    SYNOPSIS: The United States Navy's new fighter aircraft the F-14 or Tom Cat is nearing completion amid financial controversy. It's being constructed to replace the Phantom.

    The F-14's are being built at Grumman Aircraft in California. the company contracted to build the fighter at about 13 million dollars each. But now Grumman says the cost of the aircraft has risen an extra two million dollars.

    The United States Navy is insisting that the aircraft be provided at the contract price, but Grumman claim it will go bankrupt. Critics led by Senator William Proxmire say the F-14 has cost four times as much as the Phantom and there are doubts its performance is any better.

    The United States Navy says it must have the fighter because it does outperform any known foreign aircraft. Its radar can sight targets more than 100 miles away, and it can fire six missiles simultaneously at different long-range targets. The Tom Cat also carries short-range rockets and a gun that fires more than 6,000 rounds of ammunition a minute.

    Twenty-four F-14's are scheduled to be operating from the United States nuclear-powered aircraft-carrier "Enterprise" later this year.

  • Tags

  • Data

    Film ID:
    VLVAB5446UHQAXT6TMGBZ6BIQKEFU
    Media URN:
    VLVAB5446UHQAXT6TMGBZ6BIQKEFU
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    03/02/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:25:00
    Time in/Out:
    /
    Canister:
    N/A

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