GOP senator opposes federal loan guarantees for Lockheed
Senator Richard Schweiker of Pennsylvania and Senator Edward Brooke of Massachusetts voiced opposition to federal loan guarantees for Lockheed Aircraft Corp. as Congress considers aid amid the companys $450 million debt and Rolls Royce engine collapse fears. Schweiker warned taxpayer backing to bail out mismanagement is improper, while Brooke favored a broader plan including engine development help from a U.S. company.
MENTIONED IN THIS ARTICLE
Washington
Richard &. Schwerker
Lockheed Aircraft. Corp
Administration Plains
Pennsylvania
Lockheed
Edward Brooke
R-Mass
U.S
General Electric
Massachusetts
Brooke
Schweiker
Hus
Secretary of ‘Treasury
John BB. Connally
Congress
Airbus
Rolls Royce Ltd
Penn Central
Connady
Navy chief sends admiral to review F14 production
Washington report says Secretary of the Navy John J. Chafee dispatched Rear Adm. Albert H. Clancy Jr. to the Grumman Aerospace plant on Long Island to inspect the F-14 project amid concerns over the crash of the first prototype, production schedules, and testing. Officials noted the focus on the hydraulic flight control failure and possible delays, with costs rising to about 9 billion dollars for the program.
MENTIONED IN THIS ARTICLE
Washington
Long Island
N.Y
John J. Chafee
Defense Department
Chafee
Albert H. Clancy Jr
Grumman Aerospace Corp
Planto
Navy
Clancy
Grumman
Defense
600 Percent overrun on unworkable torpedo, GAO says
Washington reports Rep. Moorhead cites GAO that the Mark 48 torpedo development has run 600 percent over budget and is neither workable nor producible. No production contracts have been signed as the program nears completion. The cost cut from 4 billion to 3 billion reflects fewer torpedoes being bought.
MENTIONED IN THIS ARTICLE
Washington
UPI
William Moorhead
D-Pa
Moorhead
General Accounting Office
GAO
Schiweppes bottles return after London protest
Sixty members of the Friends of the Earth protested outside Schweppes House in London on Sunday over non recyclable bottles. The demonstration demanded removal of bottles and called for environmental protection measures from the company.
MENTIONED IN THIS ARTICLE
London
Friends of the Marth
Schweppes House
Kaiser expansion targets 180 million plus hospitals
Kaiser Foundation announces a four year expansion totaling 180 million dollars with new hospitals planned in San Jose West Los Angeles San Diego and Portland and major additions to medical centers in Oakland Walnut Creek San Rafael Los Angeles Bellflower Harbor City Panorama City Fontana Parma and Cleveland as part of a broad growth plan backed by 80 million in borrowed funds.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Kaiser Medical Care
San Jose
United States
Kaiser
R. Toubmaux
Ball Rd
No. 4
Anaheim
California
R. Toubeaux
Ronald &. Todd
Collbrook Ave
Lekelwood
Ronald R. Todd
Harry E. PA
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