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Boeing to buy Rockwell aerospace holdings in $3 billion deal
Boeing Co agrees to acquire Rockwell International Corp's aerospace and defense assets for 860 million in stock and assumes about 2.2 billion in Rockwell debt. Rockwell supported the Air Force B 1 bomber fleet and competed with Boeing on laser and directed energy contracts. The post Cold War shakeup pushes Rockwell toward factory automation, computer modems, and semiconductors.
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New York
Boeing Co
Rockwell International Corp
Aerospace and Defense
Boeing
Rockwell
Air Force
Boe
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