Defence deals heat up

Article Abstract:

Lockheed Martin is acquiring the military electronics business of Loral, in a move which reflects a wider trend of consolidation in the defense industry. This follows the sale of Westinghouse Electronic Systems to Northrop Grumman. Defense companies have been affected by reductions in government spending and this is particularly true for companies involved in military aircraft and parts. Northrop will be better equipped to export following its acquisition.

Lockheed Martin Corp., Northrop Grumman Corp., LMT, Westinghouse Electric Corp. Electronic Systems Group

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Raytheon: the best form of defence...

Article Abstract:

Raytheon has acquired the electronics and defense arm of Chrysler for $47 million. This is part of a wider trend of concentration affecting the US defense industry. Raytheon is seeking to boost the percentage of turnover from commercial activities in addition to widening its portfolio of defense products. Chrysler has been under pressure from Kirk Kerkorian, rebel shareholder, to dispose of non-core operations to focus on trucks and cars.

Chrysler Corp., C, Raytheon

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Defence float hits shares

Article Abstract:

Thomson CSF will be privatized in 1996, following an announcement by the French government, which also plans to sell Thomson Multimedia. Thomson SA, in which the government holds an 80% stake, owns both companies. Alain Gomez, who has resigned as chairman from Thomson CSF, had planned to separate Thomson CSF from Thomson Multimedia, and investors are concerned that the companies do not benefit from synergy through being coupled.

Household audio and video equipment, Consumer Electronics, Audio and Video Equipment Manufacturing, Electronics industry, Thales S.A.

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