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Exxon, Lockheed Settle $16M Asbestos Litigation Bill Dispute

By Michelle Casady ( January 4, 2018, 2:51 PM EST) -- Exxon Mobil Corp. and Lockheed Martin Corp. have reached a confidential agreement to settle a dispute over who is responsible for covering $16 million in costs associated with asbestos lawsuits stemming from a product line the oil giant acquired from the defense contractor in 1963, the companies announced Wednesday....

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