Boeing Rejects $2 Billion Aerojet Bid for Venture With LockheedBy
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.