Aviation: Lock Step at Lockheed

Back in the early 1930s, at about the time that Lockheed Aircraft Corp. was trying to pull itself out of bankruptcy, a 21 -year-old coal miner's son named Daniel Jeremiah Haughton got his degree in accounting from the University of Alabama and headed for California.

After trying his hand at a number of jobs, he finally hired on with Lockheed in 1939 as a $275-a-month production specialist. Lockheed has since come to soar, and so has Dan Haughton. He became Lockheed's executive vice president in 1956, rose to president in 1961, last week was named to succeed Courtlandt S. Gross as...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!