Friday, March 17, 2006

Pentgon will weight in on Lockheed-Boeing Launch merge

Lockheed and Boeing, fierce rivals for rocket launches, agreed in May 2005 to create a 50-50 venture that would combine the production, engineering, test and launch operations for U.S. government use of Boeing Delta and Lockheed Atlas rockets, subject to government approval.

They said at the time the merger would save the government $100 million to $150 million annually and projected it would have closed by the end of last year.

"The concept of a ULA is something that we have looked at positively for a long time and there are a lot of details," Sega said. "We'll see what the respective teams have found with regard to assessment of those details."

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