BUSINESS
March 1, 1991 | GEORGE WHITE, TIMES STAFF WRITER
In rival proxy statements formally launching their campaigns for control of Lockheed Corp., Lockheed management and a competing faction led by Texas investor Harold C. Simmons accused each other of lacking the skills to efficiently lead the giant aerospace firm. The Calabasas-based firm's management, in proxy materials mailed to shareholders Thursday, sought to contrast its performance with that of Simmons-controlled NL Industries, a Houston-based chemical firm that owns 19.8% of Lockheed stock.