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Boeing, Lockheed Martin in talks to sell rocket-launch firm ULA to Sierra Space (www.reuters.com)

submitted 3 weeks ago by burble@lemmy.dbzer0.com to c/spaceflight@sh.itjust.works

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[–] burble@lemmy.dbzer0.com 8 points 3 weeks ago* (last edited 3 weeks ago) (4 children)

Sierra Space out of nowhere! This could make sense for saving some money on Dreamchaser launches, buying the backlog, and offering truly end-to-end services for their satellite business.

Burying a bit of a lede here, too:

Jeff Bezos' Blue Origin and Cerberus Capital Management had placed bids in early 2023 for the company, according to people familiar with the negotiations. Rocket Lab had also expressed interest, two people said.

Rocket Lab could have had a similar motivation to BO and wanted the backlog and contracts. The Vulcan and Neutron overlap aren't ideal, though.

[–] toast@retrolemmy.com 2 points 3 weeks ago

Really surprised me, too. Wow

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