Hello, Guest!
  • Tuesday, April 23, 2024

WSJ: Boeing Execs Want Company to Keep ULA JV Ownership Stake


Air Force photo
Air Force photo

According to a Wall Street Journal report published Thursday, executives at Boeing (NYSE: BA) want the company to retain its ownership stake in the United Launch Alliance joint venture co-owned with Lockheed Martin (NYSE: LMT).

Doug Cameron and Andy Pasztor write Lockheed’s executives want to negotiate a sale of ULA to to the parent company of Aerojet Rocketdyne, which has put forth a $2 billion cash offer for the joint venture.

The Journal first reported the details of Aerojet Rocketdyne’s bid for ULA Wednesday.

Executives at Lockheed believe a sale of the company’s stake in ULA would continue larger efforts to restructure the aerospace and defense contractor’s portfolio, according to the Journal.

Boeing told the Journal it considers ULA one of the “important and strategic elements in our portfolio” and the company remains “committed” to the joint venture.

Video of the Day

Related Articles

Arcline Investment Management Closes $1.8B Kaman Acquisition; Ian Walsh Quoted M&A Activity

Arcline Investment Management Closes $1.8B Kaman Acquisition; Ian Walsh Quoted

Private equity firm Arcline Investment Management has completed its purchase of aerospace and defense contractor Kaman for approximately $1.8 billion, or $46 per share in cash. With the completion of the acquisition, Bloomfield, Connecticut-based Kaman has stopped trading its common stock on the New York Stock Exchange, according to a joint release published Friday. Arcline

ODNI CIO Adele Merritt Shares 5 Intelligence Community IT Focus Areas Events

ODNI CIO Adele Merritt Shares 5 Intelligence Community IT Focus Areas

Advancements in information technology have completely altered the intelligence community’s ability to disseminate its analysis and data to those who need it most, like policymakers, diplomats and defense leaders. Without it, the IC would be “doing all of this with paper and pencil. But in all seriousness, that’s a big responsibility on our shoulders,” said

Scott Alexander Joins L3Harris Subsidiary Aerojet Rocketdyne as Missile Solutions President Executive Moves

Scott Alexander Joins L3Harris Subsidiary Aerojet Rocketdyne as Missile Solutions President

Scott Alexander, formerly a vice president at RTX (NYSE: RTX) business Raytheon has been named president of missile solutions at Aerojet Rocketdyne, an L3Harris Technologies (NYSE: LHX) subsidiary, according to his LinkedIn post. Alexander joined the L3Harris subsidiary after serving as VP of integrated missile defense solutions at Raytheon since July 2023. His career at