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SpaceX Beats Out Boeing, Lockheed on Air Force Contract

Elon Musk’s SpaceX won its second-ever launch contract from the U.S. military by underbidding an alliance of defense industry giants.

Cost was a determining factor in awarding the $96.5 million contract to Space Exploration Technologies Corp., Claire Leon, the Air Force’s launch enterprise director, said on a conference call Wednesday. The company will launch an Air Force GPS satellite on an upgraded Falcon 9 rocket sometime in 2019.

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