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Investment, Pricing Helped Orbital Beat Aerojet For Rocket Boosters: Ula

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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By Andrea Shalal WASHINGTON (Reuters) - Orbital ATK Inc beat out Aerojet Rocketdyne Holdings Inc to become the future sole supplier of solid rocket boosters for United Launch Alliance by offering better long-term pricing agreements, substantial cost reductions and more investment, ULA said Friday. Tory Bruno, chief executive officer of the 50-50 venture owned by Lockheed Martin Corp and Boeing Co, said the deal with Orbital, announced last week, was one of many strategic agreements the company was forging with big suppliers to drive down costs and prepare for more competition.

 

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