Search the Archive

Lockheed Scandal / Kickbacks and Bribes #244559

CBS Evening News for Thursday, Feb 26, 1976
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) Japan parliamentary committee votes to request testimony of 3 American Lockheed representatives, incling ex-pres. Carl Kotchian. Report on Lockheed.
REPORTER: Walter Cronkite

(No location given) Lockheed sells $650 million of aircraft and parts to for. cntrys. each year For 15 years, these sales have been greased by payoffs to political and military representatives in 13 cntrys. Payments made in: Indonesia; Iran, Italy, Japan, Mexico, Netherlands, Nigeria, Saudi Arabia, South Africa, Spain, Turkey and West Germany.
REPORTER: Robert Schakne

(DC) 1975 film shown. [Ex-bd. chairperson Dan. HAUGHTON - says he doesn't condone the use of payments, but practice seemed necessary in several cntrys.] In 1960's, money spent to promote sale of 1200 F-104 Star fighter jets. Since 1970, sales promoted of L-1011 and C-130 military cargo plane. $106 million paid to Saudi busman., Adnan Khashoggi. Senator spokesperson say some of those funds went to Saudi Air Force chief of staff and defense minister.
REPORTER: Robert Schakne

(No location given) [KHASHOGGI - says payments are nothing new.]

(Netherlands) $1 million paid to Swiss intermediary to Prince Bernhard of Netherlands for sale of F-104 fighters. Later, $100,000 paid to Bernhard to promote L-1011. Bernhard denies charges.
REPORTER: Bill McLaughlin ,Robert Schakne

(Japan) Japanese Diet investigates Lockheed charge that $7 million paid to right-wing political and World War II war criminal, Yoshio Kodama, for sale of F-104 and L-1011. $2.8 million reported paid to other Japanese.
REPORTER: Robert Schakne

(W. Germany) Ex-W. German defense minister Franz Josef Strauss named for taking payments from Lockheed for his political party He denies charges.
REPORTER: Robert Schakne

(California) "New York Times" survey shows payments also made by these companies: Ashland Oil, Castle and Cooke, Exxon, Ford, GM, Grumman, Gulf Oil, Lockheed, McDonnell Douglas, Mobil, Northrop, Phillips Petroleum, Rockwell International, G.D. Searle, United Brands and Whittaker Corporation Bus. research organization, Conf. Bd.'s survey of corporation execs. shows payoff practice is widespread.
REPORTER: Robert Schakne

(DC) [The Conf. Bd., James BASCHE JR. - says 3/4 of companies are asked for payoffs. Companies feel they must follow local practices.] [Institution For. Policy Studies Richard BARNET - says in national interests to let companies go out of business if they can't survive without bribes.] Senator disclosures measure would require that companies making payoffs disclose all details to Secretary of State, Congress, and regulatory agencies.
REPORTER: Robert Schakne

Cronkite, Walter;
McLaughlin, Bill;
Schakne, Robert

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.