Lockheed Martin sells COMSAT
Daily Record, The (Baltimore), May 12, 2004 by Staff
Lockheed Martin Corp., of Bethesda, said Bermuda-based Intelsat Ltd. will acquire Lockheed Martin's COMSAT General Corp., a global telecommunications company, for $90 million in cash, with an option for Intelsat, in certain circumstances, to substitute up to $40 million in stock for cash. Intelsat also will purchase an Atlas launch vehicle from Lockheed Martin Commercial Launch Services Inc.
for the launch of a future satellite.
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