Value of cancelled government contracts in the fifties

Posted by Rusty O\'Toole On 2016/7/16 14:00:10

Does anyone know the value of military or government contracts cancelled in 1953 - 55? It must have been a blow to Packard but did these losses speed their demise? In other words could the government contracts if continued, have given Packard the capital to bring out new models or improved the bottom line enough to subsidize the car business?

In short, did the loss of military and government business indirectly sink the company?