Litton Industries agreed to buy Lamb Technicon.
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Beverly Hills-based Litton said it has agreed to acquire Warren, Mich.-based Lamb Technicon for more than $100 million in stock. Lamb, which is privately held, is a leading supplier of manufacturing systems for the domestic and international automotive industry, which is the largest market for advanced-automation systems. The primary products of Lamb, which had revenue of $350 million in 1986, are machining systems for producing powertrain components and auto body welding assembly systems.
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