Defense and aerospace companies around the world announced or completed merger and acquisition deals worth more than $38 billion in 1998, according to a new study. And, said the Manassas, Va.-based publication Defense Mergers&Acquisitions, the number of deals, 573, is more than double the number of any of the previous five years, mostly due to deals among smaller and mid-sized companies. The $38 billion value was down from a record $49 billion in 1997, but "the ...

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