SpaceX drops contract lawsuit against Air Force | Business News

SpaceX drops contract lawsuit against Air Force

25 Jan 2015 | Author: | No comments yet »

Musk’s SpaceX Settles With Air Force in Suit Over Launches.

Billionaire Elon Musk’s Space Exploration Technologies Corp. agreed to drop its lawsuit challenging U.S. contracts for military satellite launches awarded to a joint venture of Boeing Co. (BA) and Lockheed Martin Corp. (LMT) An agreement between the company, known as SpaceX, and the Air Force sets a path “that improves the competitive landscape and achieves mission assurance for national-security space launches,” according to a joint statement on Friday by the company and the Air Force. The proposed settlement paves the way for SpaceX to repair its uneasy relationship with the Defense Department and bid on future deals to launch its satellites, subject to its rockets securing certification from the Pentagon later this year. Air Force said earlier this month that it expects to clear SpaceX to compete for Pentagon satellite launches by mid-2015, six months later than previously planned.

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