Lockheed ended the TriStar on Dec 7, 1981. The stock rose ~19% the next day.

The program lost money in the slump AND in the 1978-79 boom. That's not a market problem.

Nine thousand jobs went. The F-117 had already flown that June.

#emaviation #avgeek #aviation #lockheed

Fourteen months after the US taxpayer saved Lockheed, Lockheed paid 2.4 billion yen to win an airline order in Japan.

Its president defended the payments under oath in 1976. Congress answered with the Foreign Corrupt Practices Act. #avgeek #emaviation #aviationhistory

One vote saved Lockheed.

August 2, 1971: the Senate votes 49 to 48 to guarantee 250 million dollars of its bank loans. The government never paid out a cent - Lockheed repaid the banks and paid 26.5 million in fees.

It still did not save the TriStar. #avgeek #emaviation