Word: orions
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Dates: during 1970-1979
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...case involves a 1972 decision by All Nippon Airways to buy Lockheed passenger jets, despite having taken a prior option to purchase McDonnell-Douglas aircraft. In a second case, the Japanese reversed plans to build their own antisubmarine patrol planes, and instead decided to study the Lockheed P-3C Orion. If the cash pocketed by Tanaka can be tied to these decisions, Tanaka will almost surely be charged with bribery, a serious offense opening him to a maximum prison sentence of 1 5 years...
...negotiations and, finally, a contractual stipulation that there had been "no bribery offered to a Canadian government official in connection with this program." With that disclaimer, Lockheed Aircraft Corp. and Canadian officials last week signed, on the second try, a $697 million deal under which Canada will buy 18 Orion-type planes for North Atlantic patrol and antisubmarine warfare. The sale is the biggest ever made in export markets by the floundering American manufacturer, and provides a badly needed boost to Lockheed's order book and its morale. For Canada, it is the first step in an overdue effort...
...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...
Photos like these are the funniest and happiest pictures of the exhibit. Though there are more beautiful and more impressive couples than Orion Barger's South Dakota small townies, there are none more ingeneously endearing. One couple is especially memorable in their commonplaceness, a middle-aged man sweeping a fat homely woman up in his arms. She clutches a frumpy purse in one hand and him in the other; her skirt hitches up over her knees. Probably she would blush slightly, looking at the picture later, and explain to anyone looking over her shoulder, "Oh, that's when we were...
...making it more difficult for U.S. firms to do business abroad. Lockheed's new chairman, Robert W. Haack, hastily flew to Ottawa last week to reassure Canadian officials that no bribes have been involved in Lockheed's efforts to win a $950 million contract for 18 Orion antisubmarine planes. Nonetheless, the Canadian government indicated it would take its time signing the deal, largely because of doubts about the company's ability to survive the spreading scandal. The U.S. Senate passed, 60 to 30, a bill greatly tightening Government controls on overseas sales of American weapons. Among other...