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Lockheed Kickbacks #241599

CBS Evening News for Monday, Aug 25, 1975
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(Studio) Chairperson Lockheed refuses to cite details of $22 million bribes to foreign representatives for Senate committee
REPORTER: Roger Mudd

(No location given) Lockheed makes L-1011 jet. Congress voted $250 million loans for company in 1971. Some of money may have been used as bribes to help sell plane.
REPORTER: Hal Walker

(DC) [Chairperson D. J. HAUGHTON - says when payments made to get contract it's evidence payments necessary.] [Senator William PROXMIRE - asks if Lockheed makes payments to representatives in Saudi Arabia.] [HAUGHTON - prefers not to answer.] [PROXMIRE - asks for amts. of payments and names of recipients with regard to sale of L-1011 to Gulf Airlines.] [HAUGHTON - prefers not to answer.] [HAUGHTON - says it's cost of winning competition.] [PROXMIRE - calls it bribe.] [HAUGHTON - says cnsl. prefers to call it kickback.] Treasury Secretary William Simon denounces Lockheed actions but stops short of threat to end guaranteed loans.
REPORTER: No reporter given

Reporter(s):
Mudd, Roger;
Walker, Hal
Duration:
00:02:20

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