TITLE

The Lockheed Bailout Battle

PUB. DATE
August 1971
SOURCE
Time;8/9/1971, Vol. 98 Issue 6, p59
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
53807421

 

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