Apr 3 1962

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Senate Permanent Investigations Subcommittee opened hearings to determine whether the U.S. has paid "unnecessary and excessive profits" to companies working on DOD contracts. Sen. John L. McClellan, chairman of the committee, announced

that investigation would begin with the Army's family of Nike missiles, to be followed by the USAF’s Atlas.

USAF said it would procure twelve additional Thor space boosters to meet future requirements. Since January 1957 there have been 142 launches of Thor with 111 successes, thirteen partial successes, and eighteen failures.

LCdr John W. Young piloted F4H-1 to its seventh world time-to-climb mark, reaching 25,000 meters in 230.44 seconds.

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