04:23 AM EDT, 08/20/2024 (MT Newswires) -- (Updates to add Sierra Space's comment in the fourth paragraph.)

Boeing ( BA ) and Lockheed Martin ( LMT ) are in negotiations to sell their joint venture United Launch Alliance to privately held Sierra Space, Reuters reported Friday, quoting sources familiar with the matter.

A deal may value the rocket-launching company between $2 billion and $3 billion, the report said, adding the talks could end without a deal materializing.

Boeing ( BA ) and Lockheed declined Reuters' requests for comments.

Both declined to comment to MT Newswires. Sierra Space also declined to comment on the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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