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Expendable Launch Vehicles Market Seen At $48 Billion In Next Decade

DDN

Wednesday, August 20th, 2008

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The global market for expendable launch vehicles (ELVs), or rockets, will see an upturn to total about $48 billion over the next decade, according to a new projection from Forecast International (FI) in Newtown, Conn. Makers of launch vehicles include Boeing [BA] and Lockheed Martin [LMT]. Those firms, the two largest defense contractors, have joint ventures including United Launch Alliance. Launch vehicles included in the FI survey range from the gigantic American lifter, the Evolved Expendable Launch Vehicle, or EELV,…

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