Jul 26 1970

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Apollo seismic experiment scientists, after comparing thousands of signals received by radio from sensitive seismometer left on moon by Apollo 12 astronauts,. determined that one or more moon quakes were occurring every 28.4 days, each time moon came closest to earth. Quakes were centered in Fra Mauro highland crater 80 km (50 mi) south of scheduled Apollo 14 landing site. Chief lunar seismologist Dr. Gary V. Latham later said quakes might be source of escaping gases that produced red or orange flashes often seen by astronomers. He intended to ask astronomers to concentrate on Fra Mauro area in future search for flashes. Dr. Latham reported in interview with Washington Post that "seismic record since November now produces strong evidence that the moon has at least some internal heat and seismic activity. (ALSEP Status Rpt; Cohn, W Post, 7/28/70, Al)

"Potentially fatal financial crisis" facing Lockheed Aircraft Corp., "nation's top defense contractor" with total sales in 1969 of $2.07 billion, was described in Washington Post by Michael Getler. "As Lockheed's problem unfolds, it sends new shudders through an aerospace industry already shaken by a $3-billion dip in sales last year and the loss of more than 200,000 jobs." DOD officials believed Lockheed's fate depended upon Senate authorization of $200 million in contingency funds for C-5A in military spending bill and Lockheed's raising estimated $250 million from private sources without Government guarantees, to see it through first deliveries of L-1011 airbus in autumn 1971. (W Post, 7/26/70, Al)

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