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Lockheed Faces Financial Crisis Amid Government Aid Talk
A. Karl Kotchian and Daniel Haughton lead Lockheed as Congress weighs President Nixon's proposal for a $250 million loan guarantee to avert bankruptcy. The firm suffers multi‑year losses, battles debt from Rolls Royce delays, and combats cost overruns on C5 and other programs while seeking new civilian orders.
MENTIONED IN THIS ARTICLE
United States
Lockheed
U.S
Burbank
Kotchian
Daniel J. Haughton
Haughton
Congress
Nixon
Senate Banking Committee
Lockheed Aircraft Corp
Rolls Royce Ltd
Rolls
Northrop
Tom Jones
Aerojet General of
California
McDonnell-Douglas
Aerojet General
Allan
Malcolm Loughead
San Francisco Bay
Lougheads
Wiley Post
Globe
Amelia Earhart
Anne Morrow Lindbergh
Bering Strait
Tokyo
Robert E. Gross
Boston
Gross
Britain
Air Force
Courtlandt Gross
Airbus
Boeing
Pentagon