There was lots of oohing and the other day when giant de-fense contractor Lockheed Martin announced it would spend $11.6 billion to gobble up one of its biggest rivals, Northrop Grumman, and become a mega-giant. This purchase, the fifth multibillion-dollar deal pulled off by chairman Norman Augustine in five years, would make Lockheed Martin the dominant defense contractor in the United States. So Augustine and Northrop chairman Kent Kresa took bows, thanking all and sundry for making their combination possible.
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