Lockheed-Boeing Alliance Fined by US Air Force for Launch Delays
Penalties imposed for delays in military satellite launches
The US Air Force is imposing financial penalties on the United Launch Alliance, the joint venture between Lockheed Martin Corp. and Boeing Co., due to delays in two military satellite launches this year.
The Air Force stated that the government is holding ULA accountable for the delays according to the terms of its contract.
The specific amount of the fine was not disclosed, but it is based on the duration of the schedule slip.
The Air Force stated that the government is holding ULA accountable for the delays according to the terms of its contract.
The specific amount of the fine was not disclosed, but it is based on the duration of the schedule slip.
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