Lockheed Martin's Norman Augustine says that while merging aerospace companies is an idea whose time has come, European companies will find what their American counterparts have already discovered - that the hardest part is after the merger. He says at the AIAA's Global Air&Space '97 conference in Arlington, Va., that the press pays little attention to rationalization and sizing down, but that it's tougher than getting the deals completed in the first place.
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