Aug 30 1994
From The Space Library
Martin Marietta Corporation of Bethesda, Maryland, and Lockheed Corporation of Calabasas, California, reached agreement to merge and create the world's largest space and defense company. The agreement remained to be approved by shareholders and regulators. According to Lockheed chairman Daniel M. Tellep the merger would result in "significant reduction of costs to the government." Biographic data on Norman R. Augustine, chairman and chief executive of Martin Marietta and president-designate of Lockheed Martin Corporation, were included. (W Post, Aug 30/94; CSM, Sep 1/94; W Post, Sep 4/94; U.S. News and World Report, Sep 12/94)
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