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Lockheed Faces Financial Collapse Amid Debt and Loans
Washington AP reports Lockheed Aircraft Corp is kept afloat by massive federal loans and international aid amid a debt crisis. executives warn bankruptcy looms without government support as Tristar program costs balloon and banks withhold further credit. Rolls Royce bankruptcy and DC-10 competition intensify the pressure on the company to turn a profit.
MENTIONED IN THIS ARTICLE
Washington
Airways
Japan
Pentagon
Ness
Lockheed
Britain
Lockheed Aircraft Corp
Rolls Royce
CSA
Rolls Royce, Ltd
Daniel J. Haughton