Word: haughtons
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...Price for Error. Lockheed Chairman Daniel Haughton thought that the proposal was impossible, but he was in no position to reject it out of hand. His company has sunk $1 billion into developing its 256-passenger TriStar jet, needs engines to power the plane, and has no chance of enforcing its contract with the old, bankrupt Rolls-Royce. Haughton will negotiate further in an effort to try to improve the proposed terms...
...doing. When Rolls was nationalized, the ruling Tories threw out the Lockheed engine contract. The U.S. Government, determined to keep Lockheed alive as a defense contractor, applied heat to the British at the highest levels. Eventually, in negotiations with Lord Carrington, the Tory Defense Minister, and other British officials. Haughton got the costly offer to save the project...
...that would produce RB-211 engines for the TriStar. The partners would pledge by cross-warranty to carry on-the British to keep producing. Lockheed to keep buying. The government would immediately put $144 million into the new firm. That may sound good for Lockheed, as this figure is Haughton's own estimate of the money that will be required to complete development of the engines. But there is a catch: Lockheed would have to pay any further development costs-and British experts think that these could total another $144 million. More than that, the British warned Haughton that...
Lockheed Chairman Daniel Haughton pronounced himself "completely surprised and appalled." Well might he be; Lockheed, too, is in precarious financial shape, and had been counting mightily on the L-1011 to help it recover from a series of staggering losses on military contracts. That will hardly be possible if the airbus becomes a plane without engines...
...embarrassing situation. Foster did a little serious quarterbacking in the second half, driving Harvard to three touchdowns and picking up 78 yards by himself. He also punted, just to keep his hand in. So Harvard, picked up an acceptable 28-7 triumph over the locals, and Yovicsin surpasses Percy Haughton's record for most career victories as a Harvard coach. That's a little more satisfying than arranging Kasanof Bakery Day at Suffolk Downs, which would have been Yovicsin's other job. Veeck, you see, doesn't quite understand the necessity of keeping the romanticism alive in your life...