Grumman Receives $18 Million Navy Loan Amid F14 Controversy
The Grumman Corp. secured an additional $18 million loan from the Navy nine days before a Senate session. The move raises total Defense Department indebtedness to Grumman to $54 million, despite Grumman’s refusal to build a fifth F14 order without a price increase. Navy officials withheld comment. Grumman also announced the merger of its commercial airplane unit with American Aviation Corp., forming Grumman American Aviation Corp. with an 8 percent Grumman stake and $40 million in assets.
MENTIONED IN THIS ARTICLE
Bethpage
Grumman Corp
Navy
New York ‘Times
Defense
Barry J. Shillito
J. William Prox- Mire
Senate
Bshillito
Shillito
Defense Department
Grumman
Kerekes
Lockheed Corp
California
Lockheed
American Aviation Corp
Cleveland
Grumman-American Aviation Corp
Witness' demotion sparks Proxmire hearings
Sen William Proxmire demands testimony from Navy cost cutter Gordon Rule and Adm. Isaac Kidd after Rule testified President Nixon erred in picking Roy Ash to head the budget. Kidd allegedly sought Rule’s retirement and demoted him, prompting Proxmire to call hearings and condemn the actions as damaging to civil service integrity.
MENTIONED IN THIS ARTICLE
Washington
Navy
William Proxmire
D-Wis
Proxmire
Gordon Rule
Ral
Congressional
Senate
House Economic Committee
Joint Economic Committee
Proxwire
Kidd
Carrier's Japan move draws fire in Congress
Rep Jerome Waldie says Navy transfer of the carrier Midway and six destroyers from Alameda and San Diego to Yokosuka Japan will relocate 7000 sailors and cost over 1000 civilian jobs. He argues the move signals increased U S military presence in Asia and prep for bombing in Vietnam. Waldie urges Navy to rescind the transfer.
MENTIONED IN THIS ARTICLE
Washington
Jerome Waldie
Dcalifl
California
Japan
Midway
Alameda Naval Air Station
San Diego Navy Base
Yokosuka
Navy
Asia
Waldie
Vietnam
Valaly
Cal
London Diner Snakes Breen Mamba Fears Rise
UPI reports a London diner tale of a Breen mamba possibly hidden in a restaurant during a snake charmers' watch. Mrs. Margaret Allison warned it may lurk beneath floorboards near mice, while a London Zoo spokesman noted killing power varies with age and victim health.
MENTIONED IN THIS ARTICLE
London
UPI
Smake
Scotland Yard
Margaret Allison
Mrs. Allison
London Zoo
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Stephen G. Kerekes
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Pracurement
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Walking Casuals
Walker's
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Butler's
Tekewood Blvd
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Clita Llm
The
REGAL
SALE
Weyer Guar
Speial Savings Et Acme
Acme Mattress
E. Anaheim
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Garden Grove Blvd
Yacoon
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Decorator
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