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...cover $758 million of unexpected costs in producing the Air Force's C-5A jumbo jet. The $200 million was only the first installment in a financial rescue that could well cost the taxpayers at least three times as much. Without such aid, said Deputy Defense Secretary David Packard, Lockheed faced bankruptcy, and other defense subcontractors could go under in its wake. Last week, however, Lockheed rejected the Pentagon's proffered $558 million settlement as unfair because the company would have to absorb a $200 million loss. Lockheed announced that it will sue for more generous terms...

Author: /time Magazine | Title: Business: What Congress Did For Business | 1/18/1971 | See Source »

Assistant Secretary of Defense David Packard once appeared before the Committee while Panofsky was in Washington, and in response to a question from 'Senator Fulbright, said that he had consulted Panofsky about the ABM and Panofsky...

Author: By Robert Decherd and Scott W. Jacobs, S | Title: The Presidency: Clip and Save Part II | 12/5/1970 | See Source »

Panofsky was then called to clarify Packard's statement, and in no uncertain terms, he told the Committee that the only time Packard had mentioned the ABM to him was in the men's room of the San Francisco airport, and then Panofsky had expressed an entirely negative view...

Author: By Robert Decherd and Scott W. Jacobs, S | Title: The Presidency: Clip and Save Part II | 12/5/1970 | See Source »

...visions, as in his plaints, Reich is a peculiar blend of Vance Packard and Pollyanna, a colloidal suspension of William Buckley, William Blake and Herbert Marcuse in pure applesauce. It can be justly said of Reich, as Dr. Johnson once said of Thomas Gray, that "he was dull, but he was dull in a new way, and that made people think him great...

Author: /time Magazine | Title: Opinion: Fuzzy Welcome to Cons. III | 11/2/1970 | See Source »

...keep him advised. The President asked for a new reading on what should be done, called Kissinger back in just three minutes to get a report. Next day, Nixon created a new crisis group, dubbed &#quot;the principals&#quot; consisting of Kissinger, Laird, Rogers, Moorer and Packard. They worked over each recommendation of the Action Group for Nixon's benefit...

Author: /time Magazine | Title: Nation: The Mid East: Search for Stability | 10/5/1970 | See Source »

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