This Deal Could Send Martin Marietta Into OrbitAmy Borrus
The deal that created America's newest defense giant began at the clubby Homestead resort in Hot Springs, Va. When top chief executives gathered to golf and schmooze at a meeting of the Business Council in October, General Electric Co. Chairman Jack Welch approached an old friend, Martin Marietta Corp. Chairman Norman Augustine, with a stunning proposal: why not buy GE's aerospace division?
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