Lockheed Martins takeover of Comsat won FCC approval,8/06/2000 08:00:00 PM Eastern
Lockheed Martin's takeover of Comsat won FCC approval, the last federal nod needed to close the deal. Comsat is the U.S. signatory to the international satellite consortium, Intelsat, which TV networks use to transmit programming across the country. Since September, Lockheed has held a 49% stake in Comsat. In March, Congress eliminated restrictions barring Martin from acquiring all of Comsat.