Friday, July 20, 2012

Boeing Sues Pentagon Over Rocket Pledge

http://online.wsj.com/article/SB10000872396390444097904577537254242405394.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Six years after the Pentagon fostered consolidation of its largest rocket makers, Boeing Co. now claims it was persuaded to participate in a joint venture under false pretenses.

Accusing Defense Department officials of violating basic principles of "good faith, fair dealing and cooperation," Boeing is pursuing a federal lawsuit seeking reimbursement of more than $380 million the company spent on rocket development years before it formed a joint venture with Lockheed Martin Corp.

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