World War I ace Edward V. Rickenbacker buys a majority stake in Eastern Air Lines from North American Aviation for $3.5 million. That sum would roughly cover the cost of a single engine for a Boeing 757 today.
Fresh off the first combat deployment of its new EA-37B, the Air Force is nearly doubling the planned number of new electronic attack jets and projecting more than $3 billion in spending on the program in the next five years.