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12219919.000
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1993-04-08
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22 lines
THE WEEK, Page 24BUSINESSEt Cetera
SOLID DEFENSE
The scramble to realign the nation's defense industry in the
face of sliding Pentagon budgets has taken another major turn.
Lockheed Corp. will buy General Dynamics' military aircraft
operations for $1.5 billion. Though Lockheed chairman Daniel
Tellep termed the deal "financially attractive," industry
analysts were cautious. Sales of General Dynamics' F-16, among
the most successful military aircraft in history, are sharply
down, and Lockheed now has two-thirds of the F-22 Stealth
fighter program, whose future is uncertain in the tight budget
climate.