financetom
Business
financetom
/
Business
/
Trump's Proposed NASA Budget Cut Could Phase Out Boeing's Rocket, Lockheed's Capsule
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump's Proposed NASA Budget Cut Could Phase Out Boeing's Rocket, Lockheed's Capsule
May 26, 2025 12:37 AM

03:25 PM EDT, 05/02/2025 (MT Newswires) -- Boeing ( BA )-built (BA) Space Launch System rocket and Lockheed Martin's ( LMT ) Orion crew capsule could be shelved as US President Donald Trump's proposed budget for next year pushes for cost reductions at many of the programs of the National Aeronautics and Space Administration.

"The Space Launch System rocket and Orion capsule will be retired after Artemis III, paving the way for more cost-effective, next-generation commercial systems that will support subsequent NASA lunar missions," the space agency said Friday.

The White House's 2026 budget proposal for NASA amounted to $18.8 billion, versus a funding of $24.8 billion received for fiscal year 2025, the Office of Management and Budget showed Friday.

Boeing ( BA ) and Lockheed did not immediately reply to requests for comment from MT Newswires.

Price: 186.60, Change: +3.71, Percent Change: +2.03

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved