J.P. Morgan & Co., BankAmerica Corp., and Citicorp have won the lead on a $10 billion loan for Lockheed Martin Corp.'s acquisition of Loral Corp.

The loan is the second huge defense deal in a week. It supports Lockheed's $7.7 billion purchase, refinances some existing debt, and provides extra liquidity.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.