BusinessWeek: January 11, 1993




In Business This Week

AS LOCKHEED LEARNS RUSSIAN...

Talk about strange bedfellows. Former cold war contractors Lockheed and Khrunichev Enterprise are joining forces to provide a commercial satellite-launching service that would use a low-cost Russian rocket. The joint venture will team Khrunichev, a major Russian defense company, with the satellite expertise and marketing contacts of Lockheed's Missiles & Space unit.

The venture will also shake up the launch business, an industry that until now has been dominated in the West by Europe's Arianespace, McDonnell Douglas, and General Dynamics.



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