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The Wall Street Journal: SpaceX to split $640 million in Pentagon contracts with United Launch Alliance

Seeking to maintain a pair of satellite-launch providers, the Air Force basically split $640 million in contracts between Elon Musk’s low-cost SpaceX and a Boeing Co. BA, -0.08% -Lockheed Martin Corp. LMT, +0.47% joint venture with higher prices but a long military legacy.

Wednesday’s announcement, implementing the Pentagon’s previously announced procurement policies, said the awards were part of continuing efforts to reduce costs “while maintaining assured access to space with two or more launch providers.”

Space Exploration Technologies Corp., the formal name of Musk’s company, won a $290 million fixed-price contract to launch three Global Positioning System Satellites into orbit on Falcon 9 rockets by the end of 2020.

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