Boeing, Lockheed JV and Bezos' Blue Origin in Space Venture

September 19, 2014 8:41 PM

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United Launch Alliance (ULA) — a Lockheed Martin Corp. (LMT - Analyst Report) and The Boeing Co. (BA - Analyst Report) partnership – has teamed up with Blue Origin LLC, founded by Inc.'s (AMZN - Analyst Report) Jeff Bezos, to build a new rocket engine named BE-4. The agreement is for a four-year development process with testing slated for 2016 and flight in 2019.

The BE-4 is now under testing at Blue Origin's West Texas facilities. The U.S. made rocket engine will cost much less than the Russian-built RD-180 that is currently in use to power ULA's heavy-lift Atlas 5 rockets. Although ULA already has a two-year supply of Russian engines with an additional 11 ...

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