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Pentagon Navy stock deal draws Senate ire and defense risk
Langford says the Navy will redeem $7 million in stock if Gap Instrument shows after tax profits after 1976 while Pentagon and Gap defend using collateral stock to aid a struggling contractor. Proxmire calls action an outrage and urges War Powers Act tweaks to curb covert contractor aid.
MENTIONED IN THIS ARTICLE
Navy
Joan
Langford
Washington
William Proxmire
Wise
Congress
Pentagon
Lyall
Proxmire
Dusty Friedheim
Friedheim
Gap
Smail Defense
Josep Langford
Gap Instrument Corp
Inj
Gap Hauppauge
N.Y
Wangford
Long Island
Nolt
Contract Adjustment Board