The European Union's executive commission said Tuesday that it has cleared a joint venture in space launch services between US defence contractors Lockheed Martin and Boeing.
The commission, which polices competition issues in the EU, said the creation of the partnership – named the United Launch Alliance – would not "significantly impede competition" in the 25-nation block.
ULA is structured as a 50-50 percent joint venture and will incorporate the production, engineering, test and launch operations of rockets for the US government.
The commission said the venture did not have a "direct impact on customers" in the EU.
