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Subject:  GM in Fool Take Date:  3/3/2003  4:36 PM
Author:  TMFTwitty Number:  2539 of 7023

Two deals from the defense sector today: General Dynamics (NYSE: GD) completed its acquisition of GM's (NYSE: GM) defense unit, which makes armored vehicles, for $1.1 billion in cash. Also, Northrop Grumman (NYSE: NOC) finished peeling off its TRW Automotive unit, completing a $4.7 billion sale to The Blackstone Group. Northrop says the deal allows it to stay more focused on the defense sector.

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