Pentagon Pushes For Boeing-Lockheed Rocket Deal

Law360, New York (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....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.