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:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Customer Centricity Is Spurring Marketing-Tech Investments

Customer Centricity Is Spurring Marketing-Tech Investments

A majority of marketers rank customer satisfaction improvements as paramount in the technology investment decisions.

Big, Bold Moves in the C-Suite

Big, Bold Moves in the C-Suite ...

JCPenney appoints Home Depot's Marvin Ellison as CEO; Harte Hanks and JWT add hitting power to their C-level benches

Campaign Comes to the States

Campaign Comes to the States

DMN's UK-based sister publication launches Campaign US