US Presidency
1964

This rocket, I am happy to say, was first recommended by our committee in 1958. It is not our desire or in our interest to create an air of emergency about these or other events. Our work proceeds both day and night, quietly, steadily, I believe confidently, and I think the American people have every reason to share in that confidence. I have a few announcements to make in the defense area. first, I am gratified by the results from the letters to defense contractors 1 that I sent out less than a month ago. We have received almost 800 replies to that letter. The Defense Department has talked with many businessmen directly. This is going to be an important part of the effort which we believe is going to produce savings to the taxpayers of over $ 4 billion per year in fiscal 1967.