SpaceX Challenge of Air Force Contract Dismissed by Judge
A federal judge has dismissed a SpaceX challenge to a U.S. Air Force contract award, ruling that the government did not act improperly when it denied the Elon Musk-backed rocket company a share in a massive rocket development contract.
In October 2018, the Air Force awarded $2.2 billion to three candidates developing the next generation of rockets designed to carry military payloads into space. The service awarded $967 million to United Launch Alliance, a joint venture between Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT); $792 million to Northrop Grumman (NYSE: NOC); and $500 million to Jeff Bezos' Blue Origin.
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Source Fool.com
