Martin Marietta will now become the world's largest defense electronics company.

"This will bring in a replacement industry for defense electronics for Massachusetts," he predicted.

The turbulence, they said, is largely the result of Grumman's shifting away from aircraft manufacturing and into defense electronics systems.

Today, financial analysts look at Grumman's developing role in defense electronics as one of the company's strongest areas for the future.

But they said Boeing, a leading aerospace company, would need additional acquisitions to become a major player in defense electronics.

That would still leave plenty of room for European suppliers that specialize in defense electronics.

Official priority given to one area - defense electronics, for example - can drain away talent and resources from others.

This company manufactured equipment for use in the seismic industry as well as defense electronics.

When I was in defense electronics, whenever someone built something we had to document, without failure, it didn't work.

Mr. Money has worked in defense electronics and intelligence for over 40 years.