Morning Briefing

By Bloomberg, New York times | St Louis Post-Dispatch (MO), February 16, 1995 | Go to article overview

Morning Briefing


Bloomberg, New York times, St Louis Post-Dispatch (MO)


McDonnell Won't Stop Production Of Its MD-11 Jet

McDonnell Douglas Corp. will not temporarily halt production of the company's wide-body MD-11 passenger airliner next year, President and Chief Executive Harry C. Stonecipher said on Wednesday.

Stonecipher said McDonnell has a major sales campaign underway to sell more of the aircraft.

McDonnell currently has firm orders for 45 of the three-engine planes and options for another 85. Company officials last week had said they might suspend MD-11 production for six months.

***** McDonnell's C-17 Cargo Plane Wins Collier Trophy

McDonnell Douglas Corp. has been awarded the 1994 Collier Trophy for the C-17A Globemaster III transport plane.

Established in 1911, the Collier Trophy is awarded each year by the National Aeronautic Association for "the greatest achievement in aeronautics . . . in America."

The Air Force's first C-17 squadron became operational in January.

***** House Building Permits Off Here As Market Slows

The demand for permits to build single-family houses in this area dropped by more than a third last month compared with a year earlier, but the decline was consistent with market conditions, builders said.

Overall, the number of area permits issued for single-family houses dropped to 401 for January, compared with 619 in January 1994 and 467 in December. Dean Burns, president of the Home Builders Association of Greater St. Louis, said this January's figures were pitted against 1994's, which turned out to be "an exceptional year due to favorable interest rates, low unemployment and high demand for single-family housing."

The home-builders group tracks building permits monthly in St. Louis, St. Louis County and St. Charles and Jefferson counties. …

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