May 16 1970
From The Space Library
Shrinking profits and widespread attacks on military programs were making 1970s "age of uncertainty" for U.S. defense industry, Max Lehrer, Vice President of RCA Defense Electronics Products Div., said in speech before Philadelphia Chapter of Federal Government Accountants Assn. Logistic Management Institute study had shown tax profits for defense firms had dropped from 5.1% average in 1959 to 3.9% in 1968, while profits for comparable nondefense companies over same period rose from 8.9% to 9.4%. (Text)
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