Word: haughton
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Dates: during 1960-1969
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...tests of ten prototypes, one of which crashed. Some critics believe that the Cheyenne was a classic example of "brochuremanship"-the practice of selling the Pentagon on a new weapons system even before the contractor is reasonably certain that it can perform to specifications. Lockheed's Chairman Daniel Haughton protested last week that the Cheyenne's problems were "normal and to be expected in achieving a major technological step forward." He promised to fight in court against both the cancellation and the Army's planned attempts to recover about $54 million that it has given to Lockheed...
Harvard football suffered a great loss to the war in Europe. Percy Haughton '99, the winningest coach in Crimson history, left for the battle-field in 1917--taking along all of his assistant coaches, By November, all 73 varsity lettermen were gone. As a result, there were no versity football teams in '17 or '18, though Wingate Rollins '16 organized and coached an informal team...
...West Coast's aircraft industry, and the electronics complex situated around Route 128 near Boston, may well be troubled by the war's end. Yet many of the major defense contractors sound surprisingly cheerful. "Most people think we would suffer if hostilities ended," says Chairman Daniel J. Haughton of Lockheed Aircraft "Just the opposite is true. Only 5% of our business results directly from Viet Nam." Says President G. William Miller of Rhode Island-based Textron: "A 20% cut in our defense contracts could easily be made up with only a 10% increase in our civilian sales...
McDonnell's Setback. Lockheed Chairman Daniel J. Haughton announced that the present L-1011 work force of 1,200 will increase to 11,000 by next year. Haughton was equally pleased that with last week's order, Lockheed had outflanked rival McDonnell Douglas, whose DC-10 is a similar air bus. McDonnell two months ago sold 25 DC-10s to American Airlines at $16 million apiece; American also has an option to buy 25 more. Lockheed's response was to slash L-1011 prices from $17 million to $15 million each, and coolly advise prospective customers...
...wants 600 of the craft, for which it would pay about $1,000,000 apiece. The final decision, however, rests with the Department of Defense. Should the defense order come through, Lockheed will have funds to permit further exploitation of the AH-56A design. Company Chairman Daniel J. Haughton thinks there will be a good foreign market for the Cheyenne, and Lockheed engineers are already studying a 30-passenger commercial version called the CL-1026 for intracity travel. Beyond that, the company envisions a 90-passenger model that could cruise at 500 m.p.h. over a 500-mile range...