The UK Secretary of State accepted behavioural undertakings to address national security public interest concerns in relation to a merger in the technology and communications systems sector (Lockheed Martin / Insys)

Rab, Suzanne

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19 Sep 2005

The UK Secretary of State accepted behavioural undertakings to address national security public interest concerns in relation to a merger in the technology and communications systems sector (Lockheed Martin / Insys)

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Reference

Office of Fair Trading (OFT), Lockheed/Insys, 19 September 2005

The operation On 16 August 2005 Lockheed Martin UK (“LMUK”) (a subsidiary of Lockheed Martin Corporation) announced its proposal to acquire Insys, by way of a share purchase. Lockheed Martin Corporation is a US defence company active in the research, design, development, manufacture and integration of advanced technology systems, products and services. Insys is a specialist defence engineering and R&D contractor supplying integrated system solutions to the UK and allied armed forces, directly or through global contractors. Under the general UK merger control rules, the turnover of Insys was below the threshold required for the merger to qualify for investigation by the UK Office of Fair Trading (OFT) under the UK Enterprise Act 2002 (EA). However, the EA provides a mechanism

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Author

Suzanne Rab
Serle Court (London)

United Kingdom 13 contributions 24744 visits

Quotation

Suzanne Rab, The UK Secretary of State accepted behavioural undertakings to address national security public interest concerns in relation to a merger in the technology and communications systems sector (Lockheed Martin / Insys), 19 September 2005, e-Competitions September 2005, Art. N° 20827

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