Boeing, Lockheed Martin In Talks To Sell ULA To Sierra Space

Boeing and Lockheed Martin are in talks to sell their rocket-launching joint venture, United Launch Alliance (ULA), to Sierra Space, two people familiar with the discussions said, Joey Roulette and Mike Stone reported for Reuters.

In 2019, Boeing and Lockheed Martin reportedly explored selling ULA but couldn't agree on terms with potential buyers. I Photo: United Launch Alliance

A deal could value ULA at around $2 billion to $3 billion, the sources said.

The sale of ULA, a major provider of launch services to the U.S. government and a top rival to Elon Musk's SpaceX, would mark a significant shift in the U.S. space launch industry as ULA separates from two of the largest defense contractors to a smaller, privately held firm.

The potential sale comes after years of speculation about ULA's future and failed attempts to divest the joint venture over the past decade.

In 2019, Boeing and Lockheed Martin reportedly explored selling ULA but couldn't agree on terms with potential buyers.

Jeff Bezos' Blue Origin and Cerberus Capital Management had placed bids in early 2023 for the company, according to people familiar with the negotiations. Rocket Lab had also expressed interest, two people said.