The Launch Merger Inches Forward: Boeing and Lockheed Martin have a Federal Trade Commission-approved draft agreement that would permit the two companies to proceed with their plan to merge rocket launch services into a new venture, the United Launch Alliance. However, there are conditions. Both companies are reviewing the agreement provisions.
The U.S. military conducted strikes on Iranian targets around the Strait of Hormuz on May 7, as the conflict with Iran flared up again—though officials say the ceasefire remains in effect.