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What’s behind the sale of Lockheed’s ILS stake?

Submit on Tuesday, September 12th, 2006 10:09

The planned sale of Lockheed Martin’s stake in International Launch Services (ILS) came as a surprise to most observers but, according to Kommersant daily, was caused by Proton manufacturer “Khrunichev’s decision to raise the price of the rockets by 15 percent, to US$45-50 million each, to pay for the services of an intermediary to conclude contracts with ILS.”

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This entry was posted on Tuesday, September 12th, 2006 at 10:09 am and is filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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