J.P. Morgan & Co. will lead a $1.5 billion loan for the newly merged Lockheed Corp. and Martin Marietta Corp.

Shareholders from Bethesda, Md.- based Martin Marietta and from Calabasas, Calif.-based Lockheed are expected to approve the merger on March 15. The loan, which is contingent on the merger's approval by shareholders, will be the first for the combined defense contractor.

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