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AMAZON.COM

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Bezos's Blue Origin partners with Lockheed, others on moon lander

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10/22/2019 | 11:27am EST
Founder, Chairman, CEO and President of Amazon Jeff Bezos unveils his space company Blue Origin's space exploration lunar lander rocket called Blue Moon during an unveiling event in Washington

WASHINGTON (Reuters) - U.S. billionaire Jeff Bezos said on Tuesday his space company Blue Origin has signed agreements with Lockheed Martin Corp, Northrop Grumman Corp and research and development organisation Draper for development of its lunar lander designed to help NASA put humans on the moon by 2024.Blue Origin's so-called Blue Moon lunar lander, unveiled by Bezos in May, is in development and sits at the centre of the space company's ambition to ferry humans into deep space and land key contracts from the U.S. space agency for space exploration. 

"I'm excited to announce that we put together a national team to go back to the moon," Bezos, founder and CEO of online retail giant Amazon, said at the International Astronautical Congress.

The four companies, with Blue Origin as the lead contractor, plan to submit a proposal for the lander to NASA under its Artemis lunar programme, an accelerated mission to the moon kickstarted in March by U.S. Vice President Mike Pence. 

Bezos called the partnerships a "national team" whose history in space exploration fits the Blue Moon's mission. Lockheed is separately developing the moon-bound astronaut capsule named Orion. Northrop helped NASA build the Apollo lunar landers in the 1960s. Draper, a not-for-profit research and development organisation, built NASA's navigation computers for Apollo lunar landers.

(Reporting by Joey Roulette; Editing by Sandra Maler)

By Joey Roulette

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Financials (USD)
Sales 2019 279 B
EBIT 2019 13 383 M
Net income 2019 10 345 M
Finance 2019 33 649 M
Yield 2019 -
P/E ratio 2019 87,3x
P/E ratio 2020 65,8x
EV / Sales2019 3,07x
EV / Sales2020 2,54x
Capitalization 890 B
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Number of Analysts 49
Average target price 2 186,91  $
Last Close Price 1 795,77  $
Spread / Highest target 42,0%
Spread / Average Target 21,8%
Spread / Lowest Target 3,08%
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NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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