The Navy agreed to provide Grumman with a $200 million loan to keep the company going until the re-negotiated prices became effective.
This loan agreement stirred up controversy in the press, with Grumman being accused (somewhat unjustly) of turning around and investing the Navy loan it had just received in short-term government securities for a quick profit. In August of 1974, Congress voted to terminate the Grumman loan as a result of the controversy. However, by this time Grumman had a new customer for the Tomcat, the Shah of Iran. The Iranian state Bank Melli provided a $75 million loan to Grumman, and armed with this backing Grumman approached a consortium of US banks and was able to get a loan for the remaining $125 million, ensuring that the Tomcat program could continue.
AJChenMPH said:Here's an easy one: what were the callsigns of the two US Navy F-14's that shot down the two Libyan Su-22's in August 1981? Also, what squadron, air wing and carrier were they from? (More trivia: my Navy ROTC commander was XO of the F-14 squadron at the time -- he went to be the skipper of the squadron -- and his name was painted on one of the planes.)
Thanks. Two observations:phoenix80 said:http://www.simhq.com/simhq3/sims/interviews/snodgrass/migshootdown.wav
It is the Gulf of Sidra incident being recorded on the tape
Nope. You're close with "maces", though.MightyMacbeth said:wasnt it the maces squadron?
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