Thursday, April 21, 1988AThe Battalion/Page 15
World and Nation
Jr Force releases pictures
f ‘secret’ Stealth bomber
■WASHINGTON (AP) — The Air
iirce, lifting a decade-long veil of
■crecy, released pictures of its
Stealth bomber on Wednesday and
iaid the plane would make its first
Itesi (light this fall.
■As disclosed in 1985 by former
|Sen Barry Goldwater, R-Ariz., the
ne v long-range strategic bomber re-
pembles a big “flying wing” with no
fuselage in the middle.
■The Stealth bomber, officially
■signaled the B-2, takes its nick
name from the fact it is designed to
; fly without showing up on radar.
■Sen. Sam Nunn, D-Ga., chairman
Of the Senate Armed Services Com-
nniuee, predicted the bomber “will
■aider obsolete billions of dollars of
Soviet investment in their current air
(flense.”
■The Air Force said in a statement
that it was beginning to lift its se
crecy surrounding the plane because
of the approach of the maiden flight
sometime this fall.
Such details as performance char
acteristics, crew size and maximum
payload remain classified, however,
Air Force officials said.
Indeed, some of the details about
the plane’s design — for example,
the placement of the engine exhaust
outlets — have been deliberately
masked in the artist’s rendering re
leased Wednesday, service sources
said.
The Air Force did acknowledge,
though, that its cost estimate for the
Stealth bomber program was now
being revised.
“While the acquisition of 132 B-2
bombers was originally estimated to
cost $36.6 billion in 1981 dollars, the
Air Force is re-evaluating cost esti
mates for the program as a result of
current and projected fiscal con
straints,” it said.
“When that process is completed
later this year, the Air Force will re
lease those updated figures.”
Rep. Les Aspin, D-Wis., chairman
of the House Armed Services Com
mittee, described the Air Force’s
original cost estimate for the B-2 as
“probably unrealistic.”
The Northrop Corp., which is
building the plane for the Air Force,
is known to have suffered some
overruns and schedule delays, hav
ing written off more than $200 mil
lion on the project in recent years.
The Air Force declined to give the
precise date the first test flight had
been scheduled, saying only that it
would occur “this fall.”
lates double
r insurance
unsafe gulf
.ONDON (AP) — Lloyd’s of
[London insurers are charging
pice as much to insure ships sail
ing the Persian Gulf after U.S.
■d Iranian forces clashed in the
waterway earlier this week, a
Bpokesman said Wednesday.
■The war-risk premium
■ubled Tuesday to 2 percent,
jhespokesman said. For a 14-day
jaojage to Kuwait, insurance
■ubled to $200,000 on a $10
hnillion hull.
■“It’s in response to the recent
incidents in the gulf,” he said. “I
link, the (gulf insurance) rates
have moved in fits and starts. If
'ehave one or two weeks without
jor incidents, I think they’ll go
■wn again.”
TCargo insurance premiums re
amed largely unchanged, he
Id.
■For voyages to ports of Saudi
Arabia and the United Arab Emi-
rates in the southern gulf, the
ratt doubled tea 1.5 percent of the
value of a hull from 0.75 percent,
said the spokesman, who spoke
on nmdition of anonymity.
■ihe U.S. Navy sank or dam-
aged six Iranian vessels and de
stroyed two offshore oil plat
forms Monday. Iran claimed it
downed a helicopter.
Chrysler Corp. reports
Lee lacocca earned
$18 million during 1987
HIGHLAND PARK, Mich. (AP) —
Chrysler Corp. Chairman Lee la
cocca, America’s highest-paid exec
utive in 1986, earned nearly $18 mil
lion last year in salary, cash and stock
bonuses and options, the automaker
reported Tuesday.
lacocca’s earnings were part of
the $85.2 million in compensation
that executives of the No. 3 automa
ker took home last year.
Chrysler released the figures the
day after it opened early contract
talks with the United Auto Workers,
and union Vice President Mark
Stepp blasted the earnings as “an in
credible rip-off.”
Stepp, who leads union negotia
tors in the talks, said in a statement
with UAW President Owen Bieber
that the executives’ earnings “bla
tantly contradict the message they
try to send UAW members in their
factories and offices.”
lacocca’s 1987 earnings of $17.9
million included nearly $13.5 mil
lion from exercising stock purchase
options granted earlier in the de
cade, when Chrysler was recovering
from near ruin and its stock was
worth a fraction of its present value.
lacocca also received $765,890 in
salary, $725,000 in cash bonuses,
$249,000 in stock bonuses and a
stock grant worth nearly $2.7 million
when it was issued Dec. 8.
The figures were contained in
Chrysler’s proxy statement, mailed
Tuesday to shareholders.
In 1986, lacocca took home $20.6
million, including $9.3 million on
exercised stock options.
Proxy statements released and
compiled later in the year showed he
was the nation’s highest-paid exec
utive.
In all, Chrysler paid out $85.2
million to 2,035 executives in 1987:
$77.9 million in cash, more than $1
million in stock bonuses and nearly
$6.3 million in retirement bonuses,
Chrysler spokesman John Guiniven
said.
Ford Motor Co. Vice Chairman
Harold Poling was the No. 2 earner,
receiving nearly $11 million:
$808,697 in salary, $2 million in cash
bonuses and $8.1 million earned
exercising stock options.
Roger B. Smith, chairman of Gen
eral Motors Corp., topped GM’s
earners last year with $2.2 million,
including $867,000 in salary, an esti
mated $800,000 in stock bonuses,
$513,000 in stock options and
$56,000 from a savings plan.
Executive earnings at Ford and
GM were disclosed last week.
est German court sentences
an for two Beirut kidnappings
fiiUESSELDORF, West Germany (AP) — A court
convicted Abbas Hamadi on Tuesday of abducting two
|Vest Get mans as ransom for his brother, Mohammed,
whois accused of hijacking a TWA jetliner.
Abbas Hamadi, 29, was sentenced to 13 years in
grisbn after being found guilty on all charges of kid
napping, coercion and possession of explosives.
“I is totally reprehensible to rob two innocent people
h their freedom and make them fear for their lives,”
Chief Judge Arend said in explaining the sentence he
■This four colleagues meted out to Hamadi.
The 13-year term was 18 months longer than the
ttosecution requested. The maximum allowed was 15
'ears.
Hamadi, who is bearded and wore a sport coat and
opep-necked shirt, slumped into his chair after hearing
he verdict and remained silent. More than 100 specta-
orsimost of them reporters, were in the room.
Mohammed Hamadi was arrested at Frankfurt air-
)ort Jan. 3, 1987, and Abbas 13 days later, both with
explosives in their possession. Mohammed Hamadi is
accused in the June 1985 hijacking of a TWAjetliner to
Beirut in which a U.S. Navy diver was killed and 39
Americans were held hostage for 17 days.
Both Hamadis were living in West Germany at the
time of their arrests. After Mohammed Hamadi was
jailed, but while his brother was free, two West Ger
mans were kidnapped in Beirut: Rudolf Cordes on Jan.
17 and Alfred Schmidt on Jan. 20.
Schmidt was released in September, but Cordes re
mains a hostage.
Arend said the evidence proved Abbas Hamadi was
among radical Shiite Moslems who plotted the kidnap
pings to try to block Mohammed Hamadi’s extradition
to the United States. West Germany has refused extra
dition and assigned Mohammed Hamadi’s case to juve
nile court for trial.
Defense lawyer Eckart Hild said he would appeal and
told reporters, “I do not find this judgment at all con
vincing.” Abbas Hamadi denied involvement in the kid
nappings but admitted storing explosives near his home
in Saarland state for his younger brother.
Texas A&M University Art Exhibits Presents
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People’s Republic of China
Jllii n w
pMmm
April 25— May 31, 1988
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Monday, April 25
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Contemporary Western Influence
in the People’s Republic of China
2:00-4:30 p.m.
Rudder Tower Room 701
Reception
4:30-6:00 p.m.
Rudder Exhibit Hall
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