Jan 21 1974
From The Space Library
An all-time record number of helicopters-413-had been exported by U.S. manufacturers in 1973, Aerospace Industries Association of America, Inc., announced. The exports totaled $84 775 500, up from $73 797 500 in 1972, when 260 helicopters had been exported. (AIA Release 74-1)
Lockheed Aircraft Corp. would need a maximum of $75 million to over-come the threat that it would run out of cash, the New York Times News Service quoted Lockheed's Chairman of the Board Daniel J. Haughton as saying in a London news conference. Haughton had expressed confidence that Lockheed's bankers would provide the necessary funds. In addition he had expected that a long-term solution-possibly a merger-would be found by June. Lockheed's financial problems had begun with severe technical setbacks during development of the L-1011 TriStar airliner in 1971. Disaster had been averted by congressional approval of a Government guarantee of up to $250 million in loans. (W Star-News, 21 Jan 74, A13)
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