Manufacturing Industry
AEROSPACE - Aerospace merger may shake European composites industry
Advanced Composites Bulletin, October, 1994
The recent merger of aerospace giants Lockheed and Martin Marietta may prompt a shake-up of the European industry, a move that could have a significant impact on the composites sector. The merger, the biggest news in the aerospace sector for some time, makes the new Lockheed Martin Corp the second largest aerospace company in the world behind Boeing Co. The combined annual sales of the two companies total $23 billion, while the new firm will become the largest US defence contractor employing more than 174 000 people. Analysts believe the impact of this merger on the US composites industry will probably be minimal. However, the longer term implications may be more profound in Europe. It is now considered almost inevitable that the ongoing consolidation of the US aerospace...
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