Word: haacke
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Lockheed, where a new management is now in charge, Board Chairman Robert Haack said only that he was "saddened" by the revelations in The Hague. That response seemed remarkably understated, for as the Dutch braced themselves for a televised parliamentary debate this week on the Bernhard report, they faced a bout of national soul searching as convulsive as that produced in the U.S. by the Watergate revelations...
...That's your river," the driver of the pick-up that had picked me up said, angling his head toward the silver glimmer amongst the roadside trees. "Haack sthu!" He dappled the road with a jowlful of juice from his Day's Work chewing tobacco. He had been a psychiatric social worker in Pennsylvania, he told me, consumed by a love affair with the Smoky Mountains, so when he retired he moved south to settle in the hills and woods of western North Carolina. He was a strange one, this pick-up trucker with long white hair and a stringy...
...Haack would have preferred the bankers to cancel still more of the debt in return for warrants. Nonetheless, he had good reason to be pleased. The refinancing has bought the company the time it needs to try to fill its order books and refurbish Lockheed's image following its payola scandals. Shareholders will be asked to approve the deal at a long-postponed annual meeting early in the fall. Haack is confident that they will find the company's prospects brighter than they have in some years. Said he, in an interview with TIME Correspondent Jerry Hannifin...
...agreement with the 24 banks was delayed by Haack's darkest day at Lockheed, when Canada abruptly pulled out of a $1.06 billion order for 18 Orion antisubmarine patrol aircraft. "I tell you," says Haack, "you haven't known heartbreak until a billion-dollar deal is canceled on you on two minutes' notice." The order collapsed over a billion-dollar misunderstanding: Ottawa and Lockheed each thought the other was to be responsible for financing early stages of the contract. But Lockheed may still not have lost the Canadian business: Haack has submitted a new proposal stretching...
...traffic control system for Saudi Arabia. It has also landed a Saudi order for three TriStar jumbo jets-the first of many orders that the company will need but that are not in sight, if it is to recoup the L-1011's huge development costs. Says Haack carefully: "I don't classify myself as being exuberant, but I'm beginning to get cautiously optimistic." On the confidence scale, this is surely a new note at Lockheed...