Aerospace: Lockheed's Lament

Though Lockheed Aircraft Corp. is the nation's biggest defense contractor, not a demonstrator was in sight at its annual meeting last week—for good reason. The meeting was held outside Los Angeles in a vacant helicopter hangar surrounded by a fence topped with barbed wire. Shareholders had to pass through four checkpoints manned by helmeted and pistol-packing guards. Company officials patrolled nearby rooftops, and two tow trucks and a fire truck were on hand in case of trouble. The 630 stockholders who attended, many of them present and former Lockheed employees, roundly...

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