HEADLINE NEWS
Lockheed Martin Deal Enters Crucial Phase
New York Lockheed Martin’s proposed acquisition of Northrop Grumman is expected to close in February, although the Justice Dept, views radar and electronic warfare systems businesses as sources of potential antitrust problems. If the $11.6-billion transaction is approved as originally proposed, some industry executives believe Lockheed Martin would obtain a virtual lock on certain niche markets.
By Anthony L. Velocci