Overview of Global Aerospace & Defense Exchange
Founding Partners: Boeing Lockheed Martin BAE SYSTEMS Raytheon
Technology Partner: Commerce One
Exchange Scope: Open exchange for the global aerospace and defense industry Open to all industry participants
Independence: Exchange will be independent venture
Independent Board of Directors Best of Breed management team
Ownership: Equal initial ownership by founding partners; with equity incentives based on exchange revenue
Equity to be offered to select strategic partners Commerce One equity stake
Expected Timing: Definitive Agreement: Q2 2000 Launch: Mid-year 2000