Boeing Rejects $2 Billion Offer for United Launch Alliance Staken
September 16 2015 - 11:57AM
Dow Jones News
By Doug Cameron
Boeing Co. on Wednesday rejected a $2 billion offer for its
space launch joint venture from Aerojet Rocketdyne Holdings
Inc.
Aerojet has been pursuing United Launch Alliance LLC, a 50/50
joint venture between Boeing and Lockheed Martin Corp. that is the
Pentagon's primary rocket maker, launching most sensitive military
and intelligence satellites.
"We did not take the unsolicited proposal for ULA seriously,"
Boeing Space President Craig Cooning said in prepared remarks for a
speech at an industry conference. "We are committed to ULA and its
business."
Boeing spokesman Todd Blecher confirmed Mr. Cooning's
remarks.
Write to Doug Cameron at doug.cameron@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 16, 2015 11:42 ET (15:42 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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