McDonnell Deal With Taiwan
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It is sad to believe that the day has finally come when a major U.S. aerospace company, namely McDonnell Douglas, has to search halfway around the world for capital to keep it in the black. In the process of doing this, valuable manufacturing technology is being given away to a potential foreign competitor.
In the current state of our economy, the U.S. cannot afford to start losing ground on one of the few industries it still dominates. The road ahead lies even rockier for the commercial aircraft business in this country. Competition is forcing alliances among foreign aircraft firms around the globe, many of which are government backed. I believe that if our government is truly interested in preserving its dominance, it should financially assist its most valuable assets such as the aerospace industry.
ERIK MORROW, San Juan Capistrano
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