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The saucer looks suspiciously like "Project Silver Bug"

http://www.foia.af.mil/shared/media/document/AFD-090218-169....

It appeared in many of the popular magazines of the time http://blog.modernmechanix.com/issue/?magname=MechanixIllust...

IIRC it was cancelled because it was incredibly unstable. Had a tendency to spin like a top.



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