Lockheed, Boeing Could Terminate Rocket-Launch Deal

Law360, New York (March 7, 2006, 12:00 AM EST) -- If a deal between Lockheed Martin Corp. and Boeing Co. does not win regulatory approval by the end of this month, a clause in the contract provides an out for the companies, allowing either one to terminate the proposed merger of their military rocket-launch units.

Last week, amid concerns that the merger, called United Launch Alliance, will limit competition for future rocket launches, the Maryland-based Lockheed revealed the clause in its filing of the company’s 2005 annual report with the U.S. Securities and Exchange Commission....
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