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Lockheed loan guarantees spark debate on free enterprise viability
Federal guarantees of up to 250 million aid Lockheed after it exhausted bank credit and faced possible bankruptcy. Lockheed officials insist no loan, only guarantees, while supporters say the industry must be preserved. Chairman Daniel Haughton warns profitability hinges on dramatic technical breakthroughs and questions who will fund future programs.
MENTIONED IN THIS ARTICLE
New York
Lockheed Aircraft Corp
Lockheed
Washington
Daniel Haughton
Haughton
Air Transport Association
Beverly Hills
Calif
U.S