Word: haughtons
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...checkpoints manned by helmeted and pistol-packing guards. Company officials patrolled nearby rooftops, and two tow trucks and a fire truck were on hand in case of trouble. The 630 stockholders who attended, many of them present and former Lockheed employees, roundly applauded the management-despite Chairman Daniel J. Haughton's report that the company lost $32.6 million last year...
...against a profit of $44.5 million the year before. Because of a contract dispute with the Defense Department, the company wrote off $150 million against pretax income. Now it has asked the Pentagon for a $600 million cash advance. Without the money, said Lockheed Chairman Daniel J. Haughton, the company will have to stop work on four major military programs: its C-5A cargo jets, Cheyenne helicopters, missile engines and ships. All four programs involve disputes between Lockheed and the armed forces over eventual contract prices...
...tests of ten prototypes, one of which crashed. Some critics believe that the Cheyenne was a classic example of "brochuremanship"-the practice of selling the Pentagon on a new weapons system even before the contractor is reasonably certain that it can perform to specifications. Lockheed's Chairman Daniel Haughton protested last week that the Cheyenne's problems were "normal and to be expected in achieving a major technological step forward." He promised to fight in court against both the cancellation and the Army's planned attempts to recover about $54 million that it has given to Lockheed...
Harvard football suffered a great loss to the war in Europe. Percy Haughton '99, the winningest coach in Crimson history, left for the battle-field in 1917--taking along all of his assistant coaches, By November, all 73 varsity lettermen were gone. As a result, there were no versity football teams in '17 or '18, though Wingate Rollins '16 organized and coached an informal team...
...West Coast's aircraft industry, and the electronics complex situated around Route 128 near Boston, may well be troubled by the war's end. Yet many of the major defense contractors sound surprisingly cheerful. "Most people think we would suffer if hostilities ended," says Chairman Daniel J. Haughton of Lockheed Aircraft "Just the opposite is true. Only 5% of our business results directly from Viet Nam." Says President G. William Miller of Rhode Island-based Textron: "A 20% cut in our defense contracts could easily be made up with only a 10% increase in our civilian sales...