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  • Tuesday, April 23, 2024

Boeing-Lockheed JV Negotiating New Rocket Contract; Robert Cleave Comments

NASA photo
NASA photo

A joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) could sign a new five-year agreement with the U.S. government for a new set of rockets during the next quarter, DoD Buzz reports.

Brendan McGarry writes United Launch Alliance would provide the government at least 36 medium- and heavy-lift rockets for launching military and surveillance satellites.

McGarry reports Robert Cleave, Lockheed president of commercial launch services, said Tuesday the Defense Department has made an acquisition decision and a deal could come by May.

Cleave said both parties are negotiating terms and conditions, McGarry reports.

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