Lockheed targets 400 TriStar sales amid loan bid
Lockheed Aircraft Corp says it expects to sell at least 400 of its TriStar jumbo jets, about 3 percent above break even, to justify a $250 million government guaranteed loan. Spokesman notes updated market forecasts show a still-tapped world market for trijet jets despite Falls- Royce collapse. Critics in Congress press for loan details while Lockheed emphasizes conservative forecasts and continued need for the program.
MENTIONED IN THIS ARTICLE
Burbank 3
Lockheed Aircraft Corp
Falls- Royce Ltd
Lockheed
FAA
Boeing
Douglas
Congress
William Proxmire
D-Wis
Airbus
McDonnell Douglas
Turner
Cranston hails Lockheed resignations as step forward
Senator Alan Cranston of California welcomed the resignations of three top Lockheed officials. He had urged management changes to make a government loan plan more acceptable to Congress. The announced exits include Frank L. Frain, director and vice president, Roger Donaldson, VP and general counsel, and William W. Keith, director.
MENTIONED IN THIS ARTICLE
Rodgers Donaldson
William W. Keith
Law professors warn government loan guarantees distort economy
Two law professors told the Senate Banking Committee that federal guarantees for up to 2 billion dollars in loans to troubled firms would distort markets and create windfalls for managers and stockholders. They warned such programs could suppress bankruptcy cleansing, invite political influence, and risk anticompetitive bank behavior.
MENTIONED IN THIS ARTICLE
Washington
UPI
Donald Turner
Harvard Law
Justice Department
Phil C. Neal
University of Chicago Law School
Senate Banking Committee
John Sparkman
D-Ala
Neal
Also Mentioned on This Page
International Airr Transport Association
Federal Aviation Administration
BankAmericard
Matt
Aks
Espana
Lea
Phoenix 10 Designers Showrooms
Fresno
Long Beach
Long Beach Blvd
Paulie Cobat
Frank Bross
Torrance
Hawthorne Blvd
Bloch
Zodys
Anaheim
Euclid Vor Crescent
Century Theatra Daily
Sun
Law Press
U.S
Tee
Zully
Lakewood
Fee 'N Easy Service
Life Shelves
g.Day Most Keeper
Lakewood Blvd
Lakewood Center
WWA
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!