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U.S. Air Force awards $2.3B in rocket contracts

Oct. 11, 2018 2:29 AM ETBlue Origin (BORGN) StockBA, LMT, NOC, SPACE, BORGNBy: Yoel Minkoff, SA News Editor21 Comments
  • Part of an initiative to curb reliance on foreign-made rocket engines, the U.S. Air Force has awarded a total $2.3B in contracts to develop rocket launch systems for national security missions.
  • The contracts go to Blue Origin's (BORGN) New Glenn, Northrop Grumman's (NYSE:NOC) OmegA and United Launch Alliance's (BA, LMT) Vulcan Centaur.
  • SpaceX (SPACE), despite winning an initial development award in 2016, was absent from the deal.

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