The US Space Force (USSF) has increased the allowance for its launch contracts with United Launch Alliance (ULA), a joint venture between Boeing and Lockheed Martin, and SpaceX by ~USD 1.8 billion. This is due to a rise in demand for launches under the National Security Space Launch (NSSL) Phase 2 program.

ULA's contract value increased by USD 1.1 billion, bringing the total contract value to USD 4.5 billion over the five years. SpaceX's contract value rose by ~USD 0.7 billion, reaching a new total of USD 4 billion.

The NSSL Phase 2 was initially expected to comprise 34 missions, with a 60/40 split between ULA and SpaceX. However, due to the rising demand and delays in the Vulcan rocket, the USSF reported that the initial split would change to ULA with 54% and SpaceX with 46% of the mission launches.

Analyst QuickTake: This increased funding follows USSF's announcement in June 2024 of the companies selected for the NSSL Phase 3 launch program. The lineup included ULA, SpaceX, and Blue Origin, which was previously unsuccessful in securing the NSSL Phase 2 contract.