SpaceX to compete with Boeing-Lockheed JV for satellite launch

|About: The Boeing Company (BA)|By:, SA News Editor

Elon Musk's SpaceX is expected to compete with a joint venture between Boeing (BA) and Lockheed Martin (LMT) for a contest to launch a military satellite next year, WSJ reports.

The Defense Department also has conducted a study into developing a new rocket engine that could reduce reliance on the Russian engine used on a rocket employed by the Boeing-Lockheed JV.