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Lockheed's Future Remains Uncertain
A year after government help kept Lockheed Aircraft Corp afloat the defense giant remains financially strained. Banks, a British loan to Rolls Royce, and Pentagon backing failed to lift it above the threat of bankruptcy as orders for the Tristar L101 slump. The company hinges on Jet orders from Eastern and Trans World and potential defense contracts like the C5A transport.
MENTIONED IN THIS ARTICLE
Lockheed Aircraft Corp
Donald M. Rothberg
Lockheed
Donald Rothberg
Associated Press
Washington
Pentagon
Britain
Rolls Royce Ltd
Daniel J. Haughton
Nixon
Haughton
Congress
Rolls Royce
Rolls
Eastern
Trans World
British European Airways
Japan
All Nipon Airways
Air Force
Defense
David Packard
CSA
Defense Department