Only if some other metal surface touches the wire inside the red sleeve. Doesn't appear a likely risk.
The last dozen of these we saw here had a bad main filter capacitor. The date code on the RF power transistors is 1996, so maybe it's not quite old enough for the filter cap to fail from old age.
Maybe.
The doughnut-shaped power transformer gets too hot if the mike is keyed for too long at a time. Yours is probably okay if it was used with some common sense.
There are other technical issues with the design. If yours behaves itself, count your blessings. Just don't use a radio bigger than a legal 40-channel CB radio. The so-called "10 meter" radios tend to have more transmit power than this amplifier can accept safely.
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