Look at "USAF/TexANG" in Point 1 in the August 1, 1972 memo.
The slash actually invades the space of the capped F just a bit.
Also look at the word "Vietnam" in the August 1, 1972 memo in Point 4,
The small i slides in a little bit under the top right of the Capped V.
PLB is absolutely right. Kerning is definitely taking place, and NO TYPEWRITER EVER DID THAT.
Game. Set. Match. Suspension. Disqualification. Discredited. Exiled to oblivion.
"and NO TYPEWRITER EVER DID THAT."
Oh I beg to differ. If I'm not mistaken the Hamsterkis 247 was capable of doing that but it required a synthetic Kerrylie ribbon, and those things just don't cut it.