Former Lockheed Corp. Chairman Daniel J. Haughton, who resigned in 1976 amid disclosures of massive international payoffs and internal financial crises, died Sunday in Marietta, Ga., of complications from heart and gallbladder surgery, the company announced today. He was 75.
Haughton was chairman of the aircraft manufacturer from 1967 until his retirement. He had served as executive vice president and president before becoming chairman, and he oversaw development of such airplanes as the U-2 and SR-71 reconnaissance aircraft, the C-5 military transport and the L-1011 commercial jetliner.
Haughton acquired the nickname "Uncle Dan" because of his patriarchal management style.
Thousands of Lockheed employees and their families crowded the Los Angeles Convention Center in 1971 for a "Day With Dan" to express their appreciation for his leadership.
Although when Haughton resigned Lockheed owed banks about $600 million in loans, he also will be remembered for saving the aircraft manufacturing giant during a major financial crisis in the early 1970s.