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Taken For A (Plane) Ride


Washington Outlook: CAPITAL WRAPUP

TAKEN FOR A (PLANE) RIDE

A lopsided deal. That's the news from a General Accounting Office report on a 1988 U.S.-Japan venture to develop a Japanese fighter modeled on the F-16. The agency says that the FS-X project was a boon to Japan's aerospace capability. But while U.S. industry picked up $1 billion in contracts, it got little of the manufacturing knowhow the feds promised.EDITED BY OWEN ULLMANN


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