Business: Lockheed's Great Dilemma

Can a C.P.A. make that big bird fly?

Roy A. Anderson, a silver-haired accountant who will be elected chairman of Lockheed Aircraft Corp. next month, is taking charge of a company that has endured a succession of crises termed by an internal management study to be "unparalleled in the history of American business." Lockheed in 1969 and '70 lost wads of money on fixed-price defense contracts. It was saved from bankruptcy in 1971 only by the Government's guarantee of a $250 million bank loan, and ever since has been in almost continuous negotiation with...

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