Lockheed Aircraft Corporation: case studies in management
Cox, Landon G., Jr.
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The Lockheed Aircraft Corporation emerged from World War II a financially sound organization enjoying a reputation as one of the leading U.S. manufacturers of military and civilian aircraft. However, by 1971 Lockheed had amassed debts of over $700 million and claimed it would be forced into bankruptcy unless federal loan guarantees were granted to its creditors. This paper consists of three independent case studies intended for use In the Management curriculum at the Naval Postgraduate School. The cases lend themselves to utilization in courses devoted to general management but have generally financial overtones. Information for writing the cases was obtained from periodicals in the public domain which were published during the period relevant to each case. For this reason, some of the financial figures may be in error in the light of information published at a later date. No attempt was made by the author to reconcile any such errors in financial data. Rather, the estimates made of losses, costs and profit are those which were published in the public domain at the time of the case.
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