Proxmire seeks GAO review of Lockheed finances
Sen. William Proxmire demanded a full GAO investigation into Lockheed Aircraft Corp. financial health and its ability to sustain large defense contracts. He urged delaying a $641 million request and outlined needed data on contracts, assets, government property, and cash needs over two years, stressing quick completion within 10 days.
MENTIONED IN THIS ARTICLE
Washington
William Proxmire
D-Wis
General Accounting Office
Lockheed Aircraft Corp
Secretary of Defense
Melvin RB. Laird
Lockheed
GAO
Congress
Defense Department
Proxmirée
Air Force
Prexmire
Comptroller
Elmer Staats
Staats
Proxmire
Pentagon
Como
Pentagon ends F-111 production amid defects and cost rises
Pentagon will cap F-111 production at 5860 planes with no funding beyond mid 1972, as Gen. Ferguson notes four fighter wings will be completed though final purchases may be trimmed. Grounding of most test models follows a Las Vegas crash blamed on a steel flaw. Laird weighs continuation, while costs have surged toward about 9 million per fighter. Navy carrier version cancels after seven tests. Air Force defends the program’s issues as typical for weapons systems.
MENTIONED IN THIS ARTICLE
James Ferguson
Air Force Systems Command
Senate Armed Services Committee
Pentagon
Laird
Navy
Air Force
Defense
Robert S$. McNamara
McNamara
Memo backs LBJ on Rusk role in bombing halt
ABC reporter Bill Gill cites a secret White House memo from February 27, 1968, claiming Secretary of State Dean Rusk influenced Johnson to halt bombing in North Vietnam. The memo supposedly shows Rusk pressuring for peace terms, suggesting public support would falter for redeployment of forces.
MENTIONED IN THIS ARTICLE
Memo
LBJ
Washington
UPD
White House
Johnson
Dean Rusk
North Vietnam
Clark M. Clifford
Bill Gill
ABC
Rusk
Earle G
Wheeler
Vietnam
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