A PYMNTS Company

US: Did rocket launcher venture violate antitrust law?

By  |  June 13, 2013

In an exclusive, Reuters is reporting that the Federal Trade Commission is looking into whether a joint venture that uses rockets to launch satellites into space violated US antitrust law. The venture, named United Launch Alliance and started by Lockheed Martin Corp and Boeing Co, is alleged to have monopolized a certain engine through an exclusivity agreement with the engine’s maker. According to FTC papers, the two may have made the agreement with RD Amross, which is its own joint venture of NPO Energomash, based in Russia, and Pratt & Whitney Rocketdyne. Sources have accused United Launch Alliance of barring the engine company from making sales to other rocket companies, including rival Orbital Sciences Corp.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.