Jan 23 1993

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McDonnell Douglas Corporation, the Nation's largest defense contractor, announced that it planned to cut 10 percent of its work force, including 4,000 to 5,000 jobs at its commercial aircraft unit in Long Beach, California. As of the end of 1991, the company's employment numbers had fallen by 27 percent, or about 21,700 jobs. (W Times, Jan 23/93; NY Times, Jan 23/93; WSJ, Jan 25/93)

The Martin Marietta Corporation announced that it had delayed completing its pending acquisition of the General Electric's Aerospace division; the delay was caused in part by government antitrust concerns. The sale would double Martin Marietta's size. (NY Times, Jan 23/93)

A spaceship, with two cosmonauts on board, was launched from Kazakhstan to test a new docking procedure for a possible linkup with a U.S. Space Shuttle. The spaceship was scheduled to dock with the orbiting Space Station Mir and deliver the two cosmonauts, who would replace the two currently on board the Mir. (W Times, Jan 23/93; AP, Jan 24/93; UPI, Jan 24/93)

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