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.
Facing competition from fast-growing startups, Lockheed Martin is speeding up production of an “affordable, scalable” hypersonic glide body, dubbed the Next Generation Glide Body, the firm said in a June 24 release.