The Nimble Giants

Nobody needed to tell Rockwell International Corp. Chief Executive Donald R. Beall in 1988 that his company risked becoming a dinosaur. The contract for the B-1 bomber, Rockwell's largest program, had just expired. And the future looked grim: The deep slashes envisioned by federal budget cutters meant that Rockwell's major defense and aerospace divisions would soon be starving for business.

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