Law360, New York (September 22, 2014, 1:50 PM EDT) -- Raytheon Co. and Lockheed Martin Corp. agreed in Arizona federal court on Friday to settle a long-running trademark dispute over the use of the term “paveway” for laser-guided bombs, agreeing that Raytheon owns the mark while granting Lockheed license to use it.
Senior U.S. District Judge Frank R. Zapata entered a stipulated final judgment in favor of Raytheon after the companies agreed that Raytheon is the exclusive owner of “paveway” for laser-guided bombs and related goods and services and that "paveway" is a protectable trademark, but that Raytheon will license the mark to Lockheed for use in connection with single-mode laser-guided bomb...
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