Boeing-Lockheed JV Wins $1B for Air Force, NRO Launch Services Support

Air Force photo

Air Force photo

A joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) has won a potential $1,088,000,000 contract to provide production services for seven launch vehicle configurations used by the U.S. Air Force and National Reconnaissance Organization.

The Air Force is obligating $525 million in fiscal year 2013 missile procurement funds at the time of award for the not-to-exceed letter contract, the Defense Department said Wednesday.

United Launch Services LLC is a subsidiary of the United Launch Alliance, a 50-50 partnership between Boeing and Lockheed.

Evolved Expendable Launch Vehicle production services will cover Air Force configurations Atlas V 401, AF Atlas V 501, AF Delta IV 4,2 and AF Delta IV 5,4.

The subsidiary will also support NRO configurations Atlas 401, NRO Atlas 541 and NRO Delta IV 5,2.

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