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...City, L-3 last week announced $4 billion in 2002 sales, ranking it among the nation's top 10 defense contractors, just below such industry giants as Lockheed Martin and Boeing. L-3's fast start is widely credited to CEO Frank Lanza, 71, who was head of Loral Corp., maker of electronic warfare systems, when it was sold to Lockheed in 1996. With partner Robert La Penta, then a Loral executive, and financing from Lehman Bros., Lanza bought 10 Loral electronic-manufacturing divisions, glued them together, bulked up their research-and-development units and named them...

Author: /time Magazine | Title: Best Defense | 2/10/2003 | See Source »

...retaliation against Americans is not confined to the battlefield. Faced by the difficulty of outfitting missiles with chemical and biological warheads, Saddam may conclude he will have better luck setting up terrorist free-lancers with unconventional weapons to use against innocents outside the theater of war. A Rand Corp. report estimates that a smallpox attack carried out by teams of special-ops troops on the 10 largest U.S. airports could infect between 5,000 and 100,000 people...

Author: /time Magazine | Title: Can They Strike Back? | 2/3/2003 | See Source »

...DIED. HISASHI SHINTO, 92, the first president of Nippon Telegraph & Telephone Corp.; in Tokyo. One of Japan's leading industrialists, Shinto was responsible for transforming NTT from a government utility into one of the world's largest privately owned telecommunications companies...

Author: /time Magazine | Title: Milestones | 2/3/2003 | See Source »

...elephants, dancing girls and cross-legged musicians. "We're offering tourists the chance to experience the life of royalty," explains Srivastava. At a cost of $3,000 per person, however, you might prefer to remain a subject. For more information on the regal option, call the Rajasthan Tourism Development Corp. at (91-141) 2203425/2203531...

Author: /time Magazine | Title: Detour | 1/27/2003 | See Source »

Green Tree's Bad Gifts Conseco, the U.S. insurance and financial giant, filed for bankruptcy protection, citing some $51.2 billion in debts - the third-largest bankruptcy in American history. One of the firm's biggest woes: Green Tree Financial Corp., a unit that specialized in mobile-home loans...

Author: /time Magazine | Title: High Price to Pay for a Botched Buy | 12/22/2002 | See Source »

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