Lockheed Accepts 200 Million Loss on C5A Pact
Lockheed Aircraft Corp agreed to take a 200 million loss on the C5A transport plane contract after a Defense Department letter indicated funds could not be provided for the program. Board chair Daniel J. Haughton said the move allows litigation to proceed with funds from other sources and covers three other programs including the Cheyenne helicopter and Navy ship construction.
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Lockheed Aircraft Corp
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Daniel J. Haughton
David Packard
Secretary of Defense
Navy Ship Construction
Packard
Cheyenne
Connally Senate vote approves Treasury nomination
The Senate Finance Committee approved John B. Connally of Texas as secretary of the Treasury after he testified he did not accept improper private fees as governor. He said he gave up 400000 to 500000 in legal fees to become Navy secretary in 1961 and defended his handling of the Sid Richardson estate.
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Inglewood
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Paul Fitzgerald
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John B. Connally
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Secretary of the Treasury
Connally
Russell B. Long
D-la
New York Times
Pred R. Tarris
D-Okla
Sid Richardson
Richardson
Navy
Connelly
Times
Internal Revenue Service
Richard
Sen
Russell Long
Dla
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