BA - Everyone Could Win in this New Space Race
Two years ago, the U.S. Space Force awarded roughly $1 billion in annual rocket launch "procurement" contracts to America's two biggest space companies , SpaceX and United Launch Alliance, a joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) . Now, the Space Force is gearing up to hand out even more money -- and it's time for investors to start betting who will win it.
As SpaceNews reported last week, the Space Force is drawing up a request for proposals from defense contractors , and plans to award its next big contract (dubbed "Launch Procurement Phase 3") in 2024. But hints dropped at the recent Air, Space & Cyber conference in National Harbor, Md., suggest that the next award could differ substantially from the last one.
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Everyone Could Win in this New Space Race