Boeing Rejects $2 Billion Aerojet Bid for Venture With Lockheed

Boeing Co. has rejected a $2 billion offer for United Launch Alliance, the rocket launch venture co-owned with Lockheed Martin Corp. that lofts military payloads for the U.S. government.

The bid from Aerojet Rocketdyne Holdings Inc., a long-time supplier, was unsolicited and “not something that we seriously considered,” Boeing spokesman Todd Blecher said Wednesday in a telephone interview.

“Our focus is on being a leader in space, and ULA is part of that,” Blecher said. “We are not going anywhere.”

Lockheed isn’t commenting on the matter, spokesman Dan Nelson said. A spokesman for Aerojet Rocketdyne couldn’t immediately be reached for comment. The bid was described last week by people familiar with the matter who weren’t authorized to discuss it publicly.

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