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Rick Ambrose: Lockheed-Boeing Team Seeks ‘Prudent’ Approach to Vulcan Rocket Development

Rick Ambrose: Lockheed-Boeing Team Seeks 'Prudent' Approach to Vulcan Rocket Development - top government contractors - best government contracting event
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Rick Ambrose
Rick Ambrose

Rick Ambrose, executive vice president of Lockheed Martin“˜s space systems segment, has said Lockheed and Boeing are committed to fund the development of their 50-50 joint venture“™s Vulcan rocket, Space News reported Thursday.Vulcan

Mike Gruss writes Ambrose told a press briefing at the Satellite 2016 conference in Maryland that uncertainty on how to move away from the Russia-built RD-180 engine has caused United Launch Alliance“™s parent firms to adopt a cautious approach to investment in the new rocket.

“We have to be prudent, disciplined stewards of any kind of investment,“ Ambrose said.

“Vulcan would be like any other investment decision.“

ULA has allocated $134 million to fund the development of the Vulcan program and the U.S. Air Force has agreed to invest up to $201 million through a public-private partnership, Gruss reports.

The service branch“™s investment will fund the integration of ULA“™s rocket design with the Blue Origin-made BE-4 engine.

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Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

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