Milestones: Jul. 20, 1987

DIED. Daniel J. Haughton, 75, patriarchal former chairman of Lockheed Corp., who helped oversee the development of the U-2 and SR-71 reconnaissance planes and the L-1011 jetliner while combatting financial crises that culminated in the aircraft maker's near bankruptcy in 1971; of complications following heart and gallbladder surgery; in Marietta, Ga. Haughton resigned in 1976 after revelations of massive overseas payoffs by Lockheed in order to boost aircraft sales.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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!