United States Arms Sales Egypt

Lockheed Corp. agreed Friday to pay a record $24.8 million in penalties and pleaded guilty to violating the Foreign Corrupt Practices Act--a federal law that stemmed from a Lockheed overseas bribery scandal in the 1970s. The Calabasas-based aerospace giant, in entering its plea before U.S. District Judge Marvin H.

The United States agreed to sell Egypt $3.2 billion worth of new American weapons--24 F-16 fighter jets, 200 M-1A1 tanks and 32 Patriot missiles. Defense Secretary William S. Cohen announced the proposed sale, which is likely to be approved by Congress, after separate talks with Egyptian President Hosni Mubarak and Defense Minister Hussein Tantawi in Cairo. It was the latest of several arms offers by Cohen to Arab allies while on a nine-nation trip to the Gulf and Middle East.

The handwritten note that Hughes Aircraft Co. Chairman Albert Wheelon received from former CIA agent James R. Fees in 1987 was only a harbinger of the dark storm approaching the firm's headquarters in Los Angeles. Hired to investigate whether Hughes Aircraft was making illegal payoffs to Egyptian military officers in connection with an air defense program, Fees offered this startling assessment: "There are VERY serious problems to be cleared.

The handwritten note that Hughes Aircraft Co. Chairman Albert Wheelon received from former CIA agent James R. Fees in 1987 was only a harbinger of the dark storm approaching the firm's headquarters in Los Angeles. Hired to investigate whether Hughes Aircraft was making illegal payoffs to Egyptian military officers in connection with an air defense program, Fees offered this startling assessment: "There are VERY serious problems to be cleared.

The Reagan Administration has notified Congress that it plans to sell 75 F-16 jet fighters to Israel, four to Bahrain and an unspecified number to Pakistan. A classified report covering projected arms sales for 1988, sent to Congress Feb. 25, also said that the United States plans to equip Egypt's six Soviet-built submarines with U.S. torpedoes and radar. Egypt also would be sold an unspecified number of M-60 tanks, while Pakistan would get P-3 Orion submarine-hunting aircraft.

The United States agreed to sell Egypt $3.2 billion worth of new American weapons--24 F-16 fighter jets, 200 M-1A1 tanks and 32 Patriot missiles. Defense Secretary William S. Cohen announced the proposed sale, which is likely to be approved by Congress, after separate talks with Egyptian President Hosni Mubarak and Defense Minister Hussein Tantawi in Cairo. It was the latest of several arms offers by Cohen to Arab allies while on a nine-nation trip to the Gulf and Middle East.

Lockheed Corp. agreed Friday to pay a record $24.8 million in penalties and pleaded guilty to violating the Foreign Corrupt Practices Act--a federal law that stemmed from a Lockheed overseas bribery scandal in the 1970s. The Calabasas-based aerospace giant, in entering its plea before U.S. District Judge Marvin H.

The Reagan Administration has notified Congress that it plans to sell 75 F-16 jet fighters to Israel, four to Bahrain and an unspecified number to Pakistan. A classified report covering projected arms sales for 1988, sent to Congress Feb. 25, also said that the United States plans to equip Egypt's six Soviet-built submarines with U.S. torpedoes and radar. Egypt also would be sold an unspecified number of M-60 tanks, while Pakistan would get P-3 Orion submarine-hunting aircraft.