The Lockheed Bailout Battle

August 1971
Time;8/9/1971, Vol. 98 Issue 6, p59
The article discusses the lobbying for the bailout of the U.S. biggest defense contractor Lockheed Aircraft Corp. The administration of U.S. President Richard M Nixon has launched effort around the country to sympathetic bankers and industrialists in securing Lockheed a 200 million dollar guarantee in loans. Lockheed has warned that if the loan guarantee is not approved the firm will run out of cash before the Congress returns.


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