ULA rejects Aerojet Rocketdyne $2 billion bid to buy company
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.
Readers!
Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Your support is even more essential to me because I keep this site free from advertisements and do not participate in corrupt social media companies like Google, Twitter, and Facebook. I depend wholly on the direct support of my readers.
You can provide that support to Behind The Black with a contribution via Patreon or PayPal. To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation. For PayPal click one of the following buttons:
If Patreon or Paypal don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
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.
Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Your support is even more essential to me because I keep this site free from advertisements and do not participate in corrupt social media companies like Google, Twitter, and Facebook. I depend wholly on the direct support of my readers.
You can provide that support to Behind The Black with a contribution via Patreon or PayPal. To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation. For PayPal click one of the following buttons:
If Patreon or Paypal don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
Readers: the rules for commenting!
No registration is required. I welcome all opinions, even those that strongly criticize my commentary.
However, name-calling and obscenities will not be tolerated. First time offenders who are new to the site will be warned. Second time offenders or first time offenders who have been here awhile will be suspended for a week. After that, I will ban you. Period.
Note also that first time commenters as well as any comment with more than one link will be placed in moderation for my approval. Be patient, I will get to it.