LMT - Boeing and Lockheed's Space Joint Venture Could Be a Massive Bargain Now
2023-04-24 05:27:00 ET
By now you've heard the news: The United Launch Alliance (ULA) joint venture between Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) is for sale. Indeed, it's reportedly going to be sold before the end of this very year . You've probably also heard by now that the most likely scenario has Lockheed Martin buying Boeing's 50% stake in the joint venture, and bringing ULA entirely in-house.
But here's something you may not have heard: The price Lockheed Martin will pay for ULA (if indeed it buys it) may have just gotten cheaper.
Late last month -- just weeks after rumors of the ULA sale began circulating -- ULA CEO Tory Bruno revealed on Twitter that a Centaur rocket appears to have exploded during testing. To be precise, he said it "experienced an anomaly" -- but as everyone in the space business understands, that generally means "it blew up." And it wasn't long before dramatic video emerged to illustrate the fact:
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Boeing and Lockheed's Space Joint Venture Could Be a Massive Bargain Now