Word: haughtons
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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...
PERCY DUNCAN HAUGHTON...
January (rival Boeing got the contract), the company immediately turned to the air bus. Seemingly unfazed by the $500 million development bill that Lockheed will have to foot on its own, Chairman Daniel J. Haughton is convinced that "this airplane will be a winner...
...stepping aside, the patrician Gross, 62, has moved from California to Philadelphia, where many of his relatives and closest friends live. He will stay on as a Lockheed director, promises to remain a "working member" of the new Haughton-Kotchian team...