In the lucrative race for US military rocket deals, Jeff Bezos' company argues to change the rules

  • 📰 CNBC
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Billions of dollars in contracts are at the finish line but there's a catch.

. In a meeting with reporters on Tuesday, Blue Origin laid out its view of needed adjustments to the government's approach when buying rocket launches.

Last month, the U.S. Air Force received proposals for Launch Service Procurement from four companies. LSP represents a new method for the Air Force to dole out nearly three dozen launch contracts, each on average likely worth over $100 million, with launches scheduled over a five year period . By choosing just two winners, the Air Force is limiting competition rather than aiding it, Blue Origin contends. Smith went so far as to use SpaceX as an example of how, when the company was allowed to compete, its bids helped lower the price of launches.

Blue Origin also provided a recently completed study on the market for large rockets like New Glenn, from an "independent, global management consulting firm."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If you had the power to change the world in a better way you must do it for the sake of the human race.

Jeff Bezos waking up this morning

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines