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Short video entitled, “What others dream, We do”. No breach of copyright intended. In May 2005, Boeing announced its intent to form a joint venture, United Launch Alliance with its competitor Lockheed Martin. The new venture will be the largest provider of rocket launch services to the US government. The joint venture gained regulatory approval and completed the formation on December 1, 2006. On August 2, 2005 Boeing sold its Rocketdyne rocket engine division to Pratt & Whitney. On May 1, 2006, Boeing announced that it had reached a definitive agreement to purchase Dallas, Texas-based Aviall, Inc. for .7 billion and retain 0 million in debt. Aviall, Inc. and its subsidiaries, Aviall Services, Inc. and ILS formed a wholly owned subsidiary of Boeing Commercial Aviation Services (BCAS). On August 18, 2007, NASA announced that Boeing would be the manufacturing contractor for the liquid-fueled upper stage of the Ares I rocket. The stage, based on both Apollo-Saturn and Space Shuttle technologies, will be constructed at NASA’s Michoud Assembly Facility near New Orleans, the same site where Boeing constructed the massive S-IC stage of the Saturn V rocket in the 1960s. Recent Product Development Boeing has recently achieved several consecutive launches, beginning with the formal launch of the 787 for delivery to All Nippon Airways and Air New Zealand. Rollout of the first 787 occurred on July 8, 2007. Boeing also received the launch contract from the US Navy for the P-8 …