Two separate bank teams have recently closed the syndication on a total of $14.8 billion in acquisition loans for defense companies.

J.P. Morgan & Co., BankAmerica Corp., and Citicorp secured more than $13 billion of commitments from 47 banks for their $10 billion investment grade loan to Lockheed Martin. The loan supports Lockheed's $7.7 billion purchase of Loral Corp.

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