Lockheed Settles Antitrust Suit Over War Planes

Law360, New York (October 28, 2010, 4:49 PM EDT) -- Lockheed Martin Corp. has settled a suit accusing it of pushing a competitor out of the market for work on the P-3 series of airplanes that are used to detect submarines and conduct other maritime surveillance and war missions from the sky.

Judge Jayne J. Boyle on Wednesday gave the parties until Nov. 8 to file a stipulation of dismissal after Lockheed and plaintiff L-3 Communications Integrated Systems LP advised the court they had settled the case, according to Judge Boyle's order in the U.S. District...
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