Aerospace Giants May Be Latest to Form Marketplace

Share this article:
Several large aerospace companies may join the ranks of those forming online business-to-business entities, according to The Wall Street Journal.


The new venture would be led by Seattle-based Boeing Co. and include Lockheed Martin, Raytheon and British Aerospace. According to reports, the four companies will form a separate entity that would broker sales of everything from aircraft and weapons parts to data services.


The reports come on the heels of several recent announcements of similar ventured to be formed by large companies in the automotive and food/consumer packaged goods industries. The recent spate of Internet marketplace activity has apparently drawn the attention of the government. Last week the Journal reported the Federal Trade Commission had begun inquiring into the Big Three carmakers' plan to form an automotive marketplace. According to the report, the FTC is concerned about the arrangement's antitrust legality and the danger of price-fixing.
Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

News Byte: Comcast Expanding Global Ad Delivery Through Partnership

News Byte: Comcast Expanding Global Ad Delivery Through ...

Through a partnership with Adstream , Comcast's AdDelivery Service expands its footprint across the globe.

40 Under 40 2014: Nominations Are Now Open!

40 Under 40 2014: Nominations Are Now Open!

It's time to nominate the 2014 crop of young marketing luminaries for Direct Marketing News's 40 Under 40 Awards. The deadline is Friday, June 6, 2014.

News Byte: MediaCrossing Partners with ASL Marketing on Youth Marketing Tool

News Byte: MediaCrossing Partners with ASL Marketing on ...

The digital media trading firm and marketing database company aim to help marketers target 13 to 34 year olds.