ULA rejects Aerojet Rocketdyne $2 billion bid to buy company

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The competition heats up: Boeing today said that it has rejected Aerojet Rocketdyne’s $2 billion bid to buy ULA, the Boeing/Lockheed launch partnership.

“The unsolicited proposal for ULA is not something we seriously entertained,” Boeing spokesman Todd Blecher said. Boeing said it remained committed “to ULA and its business, and to continued leadership in all aspects of space, as evidenced by the agreement announced last week with Blue Origin,” a company owned by Amazon.com founder Jeff Bezos that is designing the engine for a new rocket being designed by ULA.

Lockheed declined comment, saying it did not discuss transactions with other companies. A source familiar with the matter said Lockheed’s refusal to comment did not reveal any disagreement between Lockheed and Boeing, and both companies agreed to reject the bid.

This might not end the issue, as Aerojet Rocketdyne officials might still follow up with a more formal proposal.

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