Rockwell's Trickiest Launch Yet

CEO Beall hopes Wall Street will laud its top-down makeover

Donald R. Beall is a deliberative man. Through a decade of upheaval in the defense business caused by government spending cuts, Rockwell International Corp.'s chief held tight, neither selling nor adding much to his company's defense and aerospace businesses. Finally, last fall, Beall began shopping the units around. On Aug. 1, he made his big move, selling what long had been the heart and soul of the company to Boeing Co. in a stock and debt deal worth $3.2 billion.

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