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FTC To Allow Boeing And Lockheed Merger

Law360 (October 3, 2006, 12:00 AM EDT) -- Persuaded by the recommendations of the Department of Defense, the U.S. Federal Trade Commission unanimously decided Tuesday to bless the merger of Lockheed Martin Corp. and Boeing Co.’s rocket-launch businesses.

The Pentagon said 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.

The companies, however, must agree to some conditions. The so-called United Launch Alliance (ULA) must cooperate with all government space vehicle providers seeking...
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