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Senate / Lockheed Loan #458610

NBC Evening News for Sunday, Jun 06, 1971
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(Studio) Senator begins hearings tomorrow on approving $250 million loan for Lockheed Aircraft Corporation
REPORTER: David Brinkley

(Palmdale, California) Lockheed will be unable to continue development of Tri-Star Airbus without government loan. [Assistant Treasury Secretary Charles WALKER - believes major reason for Lockheed cost overruns due to inflation of late 1960's.] Losses from various projects listed; Rolls Royce went bankrupt developing Tri-Star engine. [Lockheed board chairperson Dan. J. HAUGHTON - shouldn't be accused of bad management; says would resign if gain approval of government loan.]
REPORTER: Irving R. Levine

Brinkley, David;
Levine, Irving R.

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