History

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25 YEARS AGO THIS WEEK: Beverly Hills-based Litton Industries came under fire from Rep. Les Aspin, D-Wisc., for cost overruns on its Tacfire battlefield computer system being developed for the U.S. Army. Aspin claimed cost overruns would hit $72 million, more than double the $30 million figure claimed by the company.

THE NEWSMAKER: Kirk Kerkorian, chairman of L.A.-based MGM Inc. and Western Airlines Inc., defended himself against critics complaining about his absence from stockholder meetings. Kerkorian, then 55, said he did not want to give “professional stockholders” a chance to turn the meetings into a circus. Kerkorian’s wealth was pegged at more than $200 million.

THE NUMBERS

March 2, 1973

Dow Jones Industrial Average: 961.30

New York gold: $86.60

10-speed bike: $59.88

23-day European tour: $747

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