Law360 (September 18, 2006, 12:00 AM EDT) -- The U.S. Federal Trade Commission should clear the merger of Lockheed Martin Corp. and Boeing Co.’s rocket-launch businesses even though it would leave the market dominated by a single company, according to a letter sent to the regulator by the U.S. military.
The Pentagon said in the letter that the proposed deal would save U.S. taxpayers as much as $150 million per year by eliminating redundant overhead for launches of government satellites for military, intelligence and other purposes.
Antitrust authorities at both FTC and the U.S....
Pentagon Pushes For Boeing-Lockheed Rocket Deal
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