AEROSPACE
Ex-Lockheed Official Pleads Guilty to Bribery: The former executive pleaded guilty to federal charges of bribing an Egyptian official to help close the sale of three C-130 aircraft. Prosecutors say Lockheed Corp. paid more than $1.2 million to a member of the Egyptian Parliament to influence the government to buy the aircraft for $79 million in 1989. Lockheed, which has since merged with Martin Marietta to form Lockheed Martin Corp., made $12.4 million on the deal. Suleiman A. Nassar, Lockheed’s vice president of marketing for the Middle East and North Africa from 1987 to 1990, could be fined $250,000 and sentenced up to five years in prison and three years’ supervised release.
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