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LMT Lockheed Martin Corp

461.91
-1.29 (-0.28%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lockheed Martin Corp NYSE:LMT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.29 -0.28% 461.91 462.93 457.1701 462.93 910,783 01:00:00

Boeing Rejects $2 Billion Offer for United Launch Alliance Staken

16/09/2015 4:57pm

Dow Jones News


Lockheed Martin (NYSE:LMT)
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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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