Defense Department U S Contracts

In what promises to be the first major test of the Clinton Administration's much-touted "industrial policy," the Pentagon announced Friday that it will cover half the cost of a $100-million project to manufacture flat-panel display screens. AT&T Corp. and Xerox Corp., two of America's leading multinationals, and Standish Industries, a small Lake Mills, Wis.

In what promises to be the first major test of the Clinton Administration's much-touted "industrial policy," the Pentagon announced Friday that it will cover half the cost of a $100-million project to manufacture flat-panel display screens. AT&T Corp. and Xerox Corp., two of America's leading multinationals, and Standish Industries, a small Lake Mills, Wis.