Boeing, Lockheed Launch Services JV Wins $1.5B Air Force Award

The U.S. Air Force has awarded a Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture an estimated $1.5 billion contract to provide launch services, the Pentagon announced Tuesday.

United Launch Alliance‘s services subsidiary, United Launch Services, will support:

Work is expected to be completed by Jun. 30, 2014.

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