Word: raytheon
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...Japanese assigned to Beirut have left the country. The list of American firms that have ordered their personnel or their dependents to leave Lebanon reads like a roll call of U.S. business overseas: General Electric, General Motors, Boeing, Lockheed, FMC Corp., International Harvester, American Cyanamid, Raytheon, First National City Bank, Chase Manhattan, Morgan Guaranty, Irving Trust. "When the banks move out," observed one evacuated businessman last week, "that means the end of Beirut...
Like its mammoth defense competitors Northrop and Raytheon--and unnamed others--Lockheed apparently has directed enormous sums to Saudi Arabia's flashy contract agent, Adnan Khashoggi, and his mysterious Triad Corporation. Lockheed officials reportedly payed Khashoggi $106 million in the last five years: the ante is high, but in the unreal world of big-money defense contracts, the stakes are higher still. In Europe, Africa and the Middle East, uneasy rulers are channeling huge sums into sophisticated weapons systems, and American companies are fighting with each other and with foreign competition to obtain slices of the increasingly lucrative...
...everybody-does-it yawn. Said one French official: "That American false puritanism makes Americans really think everything is pure in business. Clearly, oil, arms, electronics and telecommunications deals are usually fertilized a bit." The use of agents and consultants is not peculiar to Northrop. Khashoggi has represented Lockheed, Raytheon and Chrysler, and General Stehlin is still listed by Hughes Aircraft as a consultant...
Died. Vannevar Bush, 84, eminent scientist, administrator and humanist; of pneumonia; in Belmont, Mass. In 1922, while a Massachusetts Institute of Technology electrical-engineering professor, Bush with two friends founded the American Appliance Co., now the mammoth Raytheon Co. On campus, he later developed the differential analyzer, an ancestor of the modern computer, then resigned as engineering dean in 1938 to head Washington, D.C.'s Carnegie Institution, a leading research organization. During the war Bush oversaw work on the atomic bomb, radar and other military devices as director of the Office of Scientific Research and Development...
...emptiness that was based upon wanting to find something else that I could achieve in my life so that I could point to my friends and my family and say, 'Look how good Chuck Colson is.' " Colson was strongly influenced by Thomas Phillips, president of the Raytheon Company and an old friend who had himself undergone a religious conversion experience. Phillips put Colson in touch with Iowa Democrat Harold Hughes, who is leaving the Senate to become a lay religious worker. Hughes accepted Colson's spiritual fervor as a sincere attempt to begin a new life...