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Rolls Royce Declares Bankruptcy, John Alfred Heitmann
Rolls Royce Declares Bankruptcy, John Alfred Heitmann
History Faculty Publications
Despite more than sixty years of engineering excellence, Rolls-Royce failed in its attempt to design and manufacture a radically new jet engine to meet contractual obligations with the Lockheed Corp. Consequently, both British and U.S. governments had to step in to avoid an unprecedented economic catastrophe.