Jones, Thomas V.
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The broad trend of scientific effort and the aerospace industry's interest in it. A technology industry dependent to a great extent on an informed understanding of how technical effort can best be applied. The primary concern five years ago, and now. The need for each satellite to serve some specific purpose. How satellites have brought into being a new form of organization which includes the communications companies and the public at large. A case in which business organizing creativity has kept pace with technical advance: a good free enterprise solution. The issue of supersonic transport. Science's increasing concern with deeper payoffs from its applications. Economic impact of offering present service (of supersonic transport) for 50% less cost. Science and research no longer a monopoly of big nations, big industries, or big universities. No longer can a single company pretend to do everything itself. Letting the demands of the job determine how to operate. The necessity for management to create the organizational relationships that make the best use of the resources. What the speaker's organization is doing. Developments as part of the changing face of technical industry in general and defence industry in particular. The high cost and complexity of modern weapons. Concern in the U.S. about the possible effects on the aerospace industries, defence industries, and the nation as a whole, of shifts in defence expenditures. Cushioning the economic effect of these shifts. The speaker's belief that the technologies included in the industry's preoccupation with defence represent skills and areas of knowledge that are fundamental not only to military strength, but to economic strength as well. A discussion of this point-of-view follows, with examples. Experiences of the speaker's company. Truly fundamental advance in technology comparable to a natural resource, and how this is so. Determining the correct compass setting that will lead us aggressively into the future. Pushing fundamental advances that will provide the means for continued growth and a better life on this continent and throughout the world.