Investing.com -- On Friday, SpaceX and United Launch Alliance (ULA) are anticipated to secure lucrative contracts from the U.S. Space Force. These contracts, worth billions of dollars, will entrust the companies with launching the Pentagon’s highly sensitive satellites over the coming years, according to Reuters, citing sources familiar with the matter.

The contracts are part of a key Pentagon launch program, designed to enhance the United States’ strategic capabilities in space. The program highlights the government’s continued reliance on private companies like Elon Musk’s SpaceX and ULA—a joint venture between aerospace giants Boeing (NYSE: BA ) and Lockheed Martin (NYSE: LMT )—to deliver critical national security payloads into orbit.

SpaceX, a seasoned player in the space launch market, has been expanding its portfolio of government contracts, reinforcing its position as a trusted partner for national security missions. The company’s track record of successful launches has positioned it favorably in the competitive space industry.

ULA, which combines the expertise and heritage of Boeing and Lockheed Martin, has also been a staple in U.S. space missions. The joint venture has a history of providing reliable launch services, and securing this contract would further solidify its role in national defense and space exploration.

The expected contract wins could influence the stock performance of Boeing and Lockheed Martin, as these contracts represent a significant affirmation of the companies’ capabilities and strategic positions in the aerospace sector. Investors and market watchers will be closely monitoring the official announcement and its impact on the companies’ financial outlooks.

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