EU Clears Boeing/Lockheed Martin Space Launch Joint Venture

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File photo of Lockheed Martin's Atlas 5.

Brussels (AFP) Aug 09, 2005
The European Union's executive commission said Tuesday that it has cleared a joint venture in space launch services between US defence contractors Lockheed Martin and Boeing.

The commission, which polices competition issues in the EU, said the creation of the partnership - named the United Launch Alliance - would not "significantly impede competition" in the 25-nation block.

ULA is structured as a 50-50 percent joint venture and will incorporate the production, engineering, test and launch operations of rockets for the US government.

The commission said the venture did not have a "direct impact on customers" in the EU.

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SPACEMART

Britain's Marconi Mum On Reports Of Chinese Takeover

London (AFP) Aug 07, 2005
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