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Article: LEADING DEFENSE INDUSTRY CEOS SAY FOREIGN GOVERNMENTS' OWNERSHIP OF AMERICA'S PRIME DEFENSE CONTRACTORS THREATENS NATIONAL SECURITY
- Article from:
- PR Newswire
- Article date:
- May 14, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LEADING DEFENSE INDUSTRY CEOS SAY FOREIGN GOVERNMENTS' OWNERSHIP OF AMERICA'S PRIME DEFENSE CONTRACTORS THREATENS NATIONAL SECURITY
WASHINGTON, May 14 /PRNewswire/ -- The proposed purchase of LTV Corporation's (NYSE: QLTV) missile business by Thomson-CSF, a French government-controlled firm would threaten national security and lead to foreign nationalization of critical U.S. defense assets, according to the chairmen and chief executive officers of the Lockheed (NYSE: LK) and Martin Marietta (NYSE: ML) Corporations, Daniel M. Tellep and Norman R. Augustine, respectively.
"The proposed French foreign government control of LTV, a U.S. defense contractor ...