News Formal

Space Force raises the stakes as rocket companies compete for lucrative military missions

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The U.S. military plans to buy even more rocket launches from companies in the coming years than previously expected.

Space Force will assign 60% and 40% of 51 missions to the top two bidders, respectively, and the remaining seven launches will go to the third-place bidder.

"We're hoping that it's not just ULA, SpaceX and Blue Origin competing for that, as there are others who have messaged interest in the past," Col. Chad Melone, the chief of Space Systems Command's Launch Procurement and Integration division, said during the briefing.Space Force is introducing an annual Oct. 1 deadline for assigning missions to companies that have won a contract.

Space Force aims to finalize its request for bidders by September and then have all the proposals in by December, to then award the contracts in October 2024.

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 İE
 

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

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pentagon Seeks More Rocket-Launch Companies as It Plans New MissionsSpace Force officials said they plan to hire a broader range of rocket-launch providers for around 90 planned missions over a five-year period
Source: WSJ - 🏆 98. / 63 Read more »