Aerospatiale Chief Confirms Recovery In 1996, Talks With Lockheed Martin

Aerospatiale will post a net profit for 1996 in line with its half-year results of 273 million French francs net income, according to Chairman Yves Michot. Net debt fell by FF3 billion to FF3.5 billion as of Dec. 31 and orders climbed 61% during 1996 to FF63.3 billion from FF39.3 billion in 1995...

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