The Boeing company completed its acquisition of Rockwell International's aerospace and defense units December 6, giving the aerospace giant a larger role in the space program.
The new Boeing units have been organized as Boeing North American, a name harking back to the days of North American Aerospace, the company that merged with Rockwell in the 1970s.
Boeing North American includes the Space Systems Division, the prime contractor for the space shuttle orbiter and Rocketdyne, responsible for the space shuttle main engines as well as engines for Atlas and Delta rockets and the linear aerospike engine for the X-33.
Boeing North American also becomes one half of the United Space Alliance, a joint venture with Lockheed Martin that serves as the prime contractor for space shuttle operations.
"This is a major milestone for Boeing," said Jerry King, president of Boeing Defense and Space Group, under which Boeing North American is a subsidiary. "It accelerates us to achieving our 20-year vision, which calls for Boeing to be a fully integrated aerospace company designing, producing and supporting commercial airplanes, defense systems, and defense and civil space systems."
To gain Rockwell's aerospace and defense divisions, Boeing issues $860 million in stock and assumed over $2.1 billion in Rockwell debt. Rockwell is repositioning itself as a high-technology company.
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