Exostar - The Big Four's B2B trading exchange

Raytheon, BAE Systems, Boeing, Lockheed Martin and Commerce One have signed a definitive agreement to form a web-based business-to-business (B2B) global aerospace and defence trading exchange called Exostar SM. The companies said they plan to launch the exchange by the end of September.

Exostar SM will be an independently incorporated and neutral electronic marketplace. The international headquarters for the exchange will be in the Washington, DC area, with a significant presence in Europe and Asia.

"We are committed to developing and delivering an industry leading exchange that draws upon the industry knowledge and foresight of its trading partners," said Daniel P. Burnham, Raytheon's chairman and chief executive officer. "Exostar SM will create a 'frictionless' environment that will enable us and our global customers, suppliers and service providers to lower transaction costs significantly and deliver exceptional value."

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