Lockheed Martin / Insys

OFT closed case: Anticipated acquisition by Lockheed Martin Corporation of Stasys Limited.

• From: Competition and Markets Authority
• Published: 19 September 2005

• Case type: Mergers
• Case state: Closed
• Market sector: Defence
• Outcome: Mergers - phase 1 found not to qualify
• Closed: 19 September 2005

Affected market: Defence

No. ME/1472/05

On the basis of the information available to it, the OFT has decided that the anticipated acquisition of STASYS Limited by Lockheed Martin Corporation does not qualify for investigation under the mergers provisions of the Enterprise Act 2002 (the Act), because neither the UK turnover test nor the share of supply test in section 23 of the Act is met.  A relevant merger situation has, therefore, not been created.

 

Published 19 September 2005