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Los Angeles (SPX) Oct 04, 2006 Lockheed Martin and Boeing confirmed Tuesday that United Launch Alliance, L.L.C. (ULA), a joint venture between the two companies has received anti-trust clearance from the Federal Trade Commission (FTC). The clearance is subject to compliance with a consent order that both parties have approved and which upon closing of the transaction will govern certain activities of ULA, Lockheed Martin and Boeing. ULA would combine the production, engineering, test and launch operations associated with U.S. government launches of Boeing Delta and Lockheed Martin Atlas rockets. The purpose for combining the Atlas and Delta operations is to reduce the cost of meeting the national security and civil expendable launch vehicle needs of the United States. ULA would be structured as a 50-50 joint venture between Boeing and Lockheed Martin. The action by the FTC will allow Boeing and Lockheed Martin to finalize closing documents and work toward setting a closing date. Upon closing Michael Gass, vice president and general manager of Lockheed Martin Space Transportation, will become ULA president and CEO. Dan Collins, vice president of Boeing Expendable Launch Systems, will serve as chief operating officer. These leaders will report to a six-member board of directors, each company appointing three directors. ULA headquarters will be in Denver with most engineering and administrative activities consolidated at Lockheed Martin's Space Systems Company facilities. Major assembly and integration operations will be located primarily at Boeing's manufacturing and assembly facility in Decatur, Ala. As part of the joint venture, the companies' launch facilities at Cape Canaveral Air Force Station in Florida and Vandenberg Air Force Base in California will provide flexibility for meeting launch requirements on East and West coasts. ULA is expected to have about 3800 employees at sites in Colorado, Alabama, Florida, California and Texas. Following the closing of ULA, Boeing and Lockheed Martin have agreed to dismiss all civil litigation against each other related to a previous competition for launches under the Air Force EELV program. Related Links Launch Pad at Space-Travel.com
RSC Energia Extraordinary Stockholders Meeting
Moscow, Russia (SPX) Oct 03, 2006As per the Articles of Association of Public Corporation RSC Energia after S.P. Korolev and the Law on Public Joint Stock Companies, the Corporation hosted extraordinary stockholders' meeting. The meeting was opened by the Corporation's Chairman of the Board of Directors N.F. Moiseev, the Head of High Technologies Department at the RF Government.
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