March 14, 1994

March 14, 1994

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COVER STORY

CONSOLIDATION OUTLOOK STORMY

By ANTHONY L. VELOCCI

COVER STORY

PROACTIVE STRATEGY KEY TO DEFENSE INDUSTRY SUCCESS

By ANTHONY L. VELOCCI

COVER STORY

CROSS-BORDER BUYOUTS AWAIT

By ANTHONY L. VELOCCI

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4243
COVER STORY

CONSOLIDATION OUTLOOK STORMY

NEW YORK Adapting to the post-Cold War environment will continue to be a struggle for most of the world's aerospace and defense industry during the next five years. And as companies attempt to reposition themselves to compete in this more challenging arena—for both defense and commercial markets—management will be compelled as never before to take a more global perspective.

By ANTHONY L. VELOCCI

4445
COVER STORY

PROACTIVE STRATEGY KEY TO DEFENSE INDUSTRY SUCCESS

NEW YORK When General Dynamics Corp. decided to sell its F-16 fighter business to Lockheed Corp. two years ago, much of the aerospace and defense community was aghast. The F-16 is one of the most marketable fighters ever developed, and the Ft. Worth Div. was GD's flagship business.

By ANTHONY L. VELOCCI

4647
COVER STORY

CROSS-BORDER BUYOUTS AWAIT

NEW YORK The number of defense-related takeovers between U. S. and European companies has fallen dramatically since 1989— there have been only three—but the aerospace industry's consolidation during the next five years will not stop at national borders.

By ANTHONY L. VELOCCI

3031
HEADLINE NEWS

F-22 SIGNATURE PROBLEM INFLICTS WEIGHT PENALTY

By DAVID A. FULGHUM

3031
HEADLINE NEWS

K-MAX PROTOTYPE EVALUATED

3031
HEADLINE NEWS

U.S. NAVY EYES SLAM UPGRADES

WASHINGTON The Navy and McDonnell Douglas plan to improve the operability and range of the Stand-Off Land Attack Missile under a contract expected to be signed this summer. Under the agreement, McDonnell Douglas will develop a number of airframe and navigational upgrades that can be retrofitted into the existing fleet of missiles, which will then be designated SLAM ERs (for expanded response).
3233
HEADLINE NEWS

NASA STUDY BACKS SSTO, URGES SHUTTLE PHASEOUT

By JAMES R. ASKER

3233
HEADLINE NEWS

ASTRONAUTS START TESTS

3233
HEADLINE NEWS

MILITARY AIDS SRB RESCUE

KENNEDY SPACE CENTER U.S. military and Coast Guard aircraft attached to space shuttle rescue forces helped track and retrieve Columbia's $65million solid-rocket boosters when high seas delayed dispatch of NASA's two booster retrieval ships.
3435
HEADLINE NEWS

CHIP REMOVAL CLEARS WAY FOR CHINESE LAUNCHES

By MICHAEL MECHAM,MICHAEL A. DORNHEIM

March 71994 March 211994