Word: orions
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...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...
...last year. Another reason is that Lockheed is counting heavily on continued large foreign sales of military equipment?and the publicity about its bribery can only hurt. The Japanese Government last week dropped tentative plans to buy $650 million worth of Lockheed's long-range, low-altitude P-3C Orion planes, which are capable of detecting and destroying submarines. Indeed, the Japanese are having second thoughts about buying 110 to 120 new fighters, costing $10 million to $20 million each, from another American company?either General Dynamics, Grumman or McDonnell Douglas. At week's end the scandal cost Kotchian...
...REAL STORY about Hoffa only comes through between-the-lines, his book is as extreme a self-justification as a public figure could consciously write. Unconsciously, he reveals his sense of majesty: when Hoffa tells of playing with the grandchildren at his Lake Orion, Michigan, summer home, it reminds you of Don Corleone. For Hoffa, wealth and loyalty to family and union are living denials that he has never broken the respectable union boss's code of conduct. But while Leonard Woodcock may have a summer home just like Jimmy's, he is no rebel and will hardly meet...