Lockheed Bribery Scandal Admission

Date: February 6, 1976 • Location: Tokyo, Japan

Lockheed Corporation president Carl Kotchian admitted that the company had paid out approximately US$3 million in bribes to the office of Japanese prime minister Kakuei Tanaka.

The Lockheed Corporation was an American aerospace manufacturer. Lockheed was founded in 1926 and merged in 1995 with Martin Marietta to form Lockheed Martin. Its founder, Allan Lockheed, had earlier founded the similarly named but otherwise-unrelated Loughead Aircraft Manufacturing Company, which was operational from 1912 to 1920.