NEW YORK - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Lockheed-Boeing joint venture wins $1.17 billion Pentagon contract
WASHINGTON (Reuters) - The U.S. Defense Department on Friday awarded United Launch Alliance, a 50-50 joint venture of Lockheed Martin Corp (LMT.N) and Boeing Co (BA.N) a contract valued at $1.17 billion to provide satellite launches using its Delta IV and Atlas V rockets.
The Pentagon said the contract would run through September 30, 2013. The venture provides launch services to send U.S. military and intelligence satellites into space under the Evolved Expendable Launch Vehicle (EELV) program.
It was not immediately clear how many launches would be covered under the contract.
(Reporting By Andrea Shalal-Esa)
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