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Technology Stocks : Loral Space & Communications

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To: Valueman who wrote (5080)	12/25/1998 2:01:00 PM
From: brian h	Read Replies (2) of 10852

Valueman, Any impact on LOR and GSTRF's relationship with the following companies? Four EU Countries Merge Space Industry ﹛﹛Finmeccanica, Italy's state-owned engineering group, Wednesday signed a preliminary merger agreement with partners in Germany, France and Britain to form a European space technology giant. ﹛﹛Under the accord, Finmeccanica's Alenia Space Co. will join DASA, Daimler Benz's aerospace division, French Matra Marconi Space Group and Britain's General Electric Company. ﹛﹛The new company is expected to have annual sales of US$3.28 billion and become the European leader in the space industry. It will be the second largest in the world in the field of satellites. ﹛﹛The merger is the first step in the integration of European defense industries, which have been rationalizing their activities in recent years in order to better confront their competitors, especially in the United States. Brian H.

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