Reuters: Aerojet Rocketdyne, Air Force Hold Engine Funding Discussions

rocket launchThe U.S. Air Force and Aerojet Rocketdyne are currently in discussions about potential financing of the company’s proposed domestic substitute for the Russian RD-180 rocket engine, Reuters reported Monday.

Andrea Shalal writes Aerojet Rocketdyne projected it can finish its AR-1 system development by 2019 if the military branch allots enough funds for the effort.

The Air Force launched an industry competition to find a domestically-produced engine after Congress decided to ban use of the Russian-made engine for U.S.’ future military satellite launch initiatives.

The military service has said it will split about $160 million in alternative engine development contract funds, Reuters reports.

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