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EU Clears Boeing/Lockheed Martin Space Launch Joint Venture
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. Community Email This Article Comment On This Article Related Links SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Orbcomm's Equity Financings Complete
Bremen, Germany (SPX) Jan 06, 2006OHB Technology affiliated company Orbcomm has announced that it has completed equity financings totaling over $110 million led by Pacific Corporate Group (PCG), which committed $60 million. New investors, in addition to PCG, include investment firms MH Equity Investors and Torch Hill Capital. |
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