Boeing Space JV Cuts 2025 Launch Rate by 40%

For investors who bought Boeing (NYSE: BA) stock on the theory that it's a leading space company, things are getting down to the wire.Late last year, I described how Boeing was likely to benefit as United Launch Alliance (ULA), its 50-50 joint venture with Lockheed Martin (NYSE: LMT), embarked upon an ambitious plan to launch its new Vulcan Centaur rocket 20 times this year, collecting approximately $100 million per launch. As the new rocket proved its value and the company worked out the kinks and gained experience launching it, this launch cadence would rapidly ramp up to 20 or even 30 launches over the next few years.Half these launches, said ULA CEO Tory Bruno, would be commercial launches for corporate customers. The other half would be missions for the U.S. government, including national security missions for the Pentagon. For the second half of this equation to work, however, for ULA to achieve the launch cadences it was targeting, and for Boeing to fully benefit from the revenue produced by these launches, one thing had to happen first: ULA needed to win certification from the U.S. Space Force, confirming its new launch vehicle is dependable enough to entrust with launching satellites that cost $1 billion and up apiece.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool