Business & Real Estate

Aerojet’s $2 billion bid is rejected

Aerojet Rocketdyne Holdings Inc.’s $2 billion offer for a Colorado rocket company has been rejected.

A spokesman for Boeing Co., a 50 percent owner of United Launch Alliance of Colorado, said his company has no interest in selling ULA to Rancho Cordova-based Aerojet.

“It’s an unsolicited proposal,” said Boeing spokesman Todd Blecher. “It’s nothing that we ever considered seriously.”

It appears the owner of the remaining 50 percent, Lockheed Martin Corp., also doesn’t want to take the offer. “It’s my understanding that the partner companies are in complete alignment,” Blecher said.

A spokesman for Aerojet wasn’t immediately available for comment Wednesday. Lockheed had no comment.

Aerojet’s bid for ULA was first made public last week.

Buying ULA would have turned Aerojet into more of a vertically integrated company. Aerojet makes rocket engines while ULA makes rockets. ULA is also a major provider of space-launch services to the Defense Department and NASA.

Dale Kasler: 916-321-1066, @dakasler

  Comments