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Lockheed Seeks Federal Loan for Defense Contracts
Lockheed Aircraft Corp asked the U S government for more than 500 million dollars to aid defense work including the C5A cargo aircraft amid cost overruns. Rep William Moorhead criticized the Pentagon contracting system as unworkable after the C5A rose 61 percent above estimates, costing about 4 3 billion for 81 planes.
MENTIONED IN THIS ARTICLE
Washington
UPC
Lockheed Aircraft Corp
Lockheed
Pentagon
Defense
Robert S. McNamara
William Moorhead
D-Pa
CSA
Air Force