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...

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