The venture had the good fortune to propose a brand-new engine concept in the mid-1970s, around the time that the United States Air Force was considering a revamp of its entire fleet of aerial refueling tankers. At about the same time, Boeing and Airbus were preparing to develop the generation of short-range single-aisle jets that have become the workhorses of the air travel industry. “From an industry standpoint, this was a winning lottery ticket,” said Richard L. Aboulafia, an aerospace analyst with the Teal Group in Fairfax, Virginia.
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