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- THE WEEK, Page 24BUSINESSEt Cetera
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- SOLID DEFENSE
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- 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.
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