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July 8, 1997updated 05 Sep 2016 12:38pm

A DEFENSE INDUSTRY HISTORY LESSON

By CBR Staff Writer

Readers with long memories will recall that Northrop Corp bid for Grumman Corp back in 1994 spurred on by a rival bid from Martin Marietta Corp (CI No 2,373). Northrop won, creating Northrop Grumman Corp, and on the rebound Martin Marietta took over Lockheed Corp a few months later in a so-called merger of equals (CI No 2,490).

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