$1.5 Billion Bond Deal to Fund Boeing-Lockheed Rocket Venture

United Launch Alliance (ULA), the joint venture between Boeing BA and Lockheed Martin LMT, is seeking to raise $1.5 billion through a private bond transaction.

This financing effort is an expansion of ULA's initial target of $500 million, indicating the rocket company's growing need for funding as it continues to provide launch services to both military and commercial customers.

ULA's recent appointment of Mark Peller as its president and CEO adds another layer of expertise to the team, with Peller bringing his experience in the aerospace industry to the role.