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Grumman Aerospace Corp. #221066

CBS Evening News for Monday, Dec 11, 1972
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(Studio) Grumman-made lunar module lands on moon, but Grumman's F-14 fighter plane has large cost overruns.
REPORTER: Walter Cronkite

(Pentagon) F-14 made first test flight off Navy carrier Forrestal this summer. Plane originally supposed to cost $11.5 million. Now costing $16.8 million, and corporation claims that's $2 million less than it costs corp. to make plane. If government holds Grumman to contract, could bankrupt corp. Senator William Proxmire study indicates F-14 not as good in some ways as F-4 Phantom.
REPORTER: Bob Schieffer

(Studio) Grumman does not intend to honor contract. Court fight expected.
REPORTER: Walter Cronkite

Cronkite, Walter;
Schieffer, Bob

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