NATIONAL HARBOR, Md., Sept. 16 (UPI) -- Boeing has rejected an offer by Aerojet Rocketdyne Holdings, Inc. to buy the United Launch Alliance, the company's top official announced on Wednesday.
Aerojet Rocketdyne offered Boeing $2 billion to acquire ULA. The launch service company was formed in 2006 as a joint venture between Boeing and Lockeed Martin, with both companies splitting the profits evenly. It provides spacecraft launch services for the U.S. Department of Defense, NASA and other organizations.