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While other factors contributed to the drop in earnings, this quote highlights an important detail about the competition in the launch industry:
Reduced profits from Centennial-based rocketmaker United Launch Alliance caused some of LMSS’ decline, the company said. ULA is a joint venture of Lockheed Martin and Boeing Co. LMSS’ share of ULA’s launch-business profits dropped by $20 million to $45 million in the third quarter, the company said.
ULA’s profits dropped by one-third, which suggests that they are continuing to lose business to SpaceX because of its lower launch prices.