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Lockheed / Scandals / Japan / Aircraft / Loans #487000

NBC Evening News for Wednesday, Feb 11, 1976
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(Studio) Investigations over Lockheed scandal occur in Italy, Spain, Mexico, Turkey, Colombia, and Venezuela. Accusations against Swedish representatives dropped. Holland to investigate charge that queen's husband, Prince Bernhard, took bribes. West German Socialists want parliament to find out if right-wing leader Franz Joseph Strauss involved. In Japan, 2 ex-prems. under suspicion.
REPORTER: John Chancellor

(Tokyo, Japan) Scandal here could hurt American aircraft industry 3 years ago, Nippon Airlines bought Lockheed Tristar after money poured in. [Editor "Japan Times" Mas OGAWA - says Lockheed story could develop into major scandal.] Japanese television film shows reporters surrounding Lockheed's Japanese sales agent. People want more information about scandal. Managing director of Marubeni Corporation Toshiharu Okubo denies wrongdoing and says he has written apology from Lockheed. Parliament to investigate. Rptd. Lockheed nay lose $1 billion contract for antisub planes. Other United States companies nay not be able to sell here.
REPORTER: Jack Russell

(Studio) Report on planes involved.
REPORTER: John Chancellor

(Burbank, California) Lockheed Corporation film shown. P-3-C Orion featured. 140 of these antisub planes are in United States Navy. Navy to keep Lockheed's P-3-C production going until 1980's. Because of scandal, Japanese won't buy plane from Lockheed. Sales of Tristar jet also implicated in scandal. Comptroller General says Lockheed may not be able to pay its $195 million debts. Company spokesperson says Lockheed will pay its government guaranteed loans.
REPORTER: Roy Neal

Reporter(s):
Chancellor, John;
Neal, Roy;
Russell, Jack
Duration:
00:04:40

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