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Lockheed’s Rick Ambrose: ULA Eyes Russian Rocket Engine Ban Waiver

Rick Ambrose
Rick Ambrose

TYSONS CORNER, VA June 16, 2015 — Executive Mosaic — United Launch Alliance wants the government to permit the Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) joint venture to continue using Russian assets to launch its satellites into space, ExecutiveBiz reported Monday.

Rick Ambrose, executive vice president of Lockheed Martin’s space systems segment, told Reuters in an interview that a waiver would let ULA sidestep the federal ban while it finishes construction of the Vulcan rocket, a homegrown launch system.

“We need to make sure that we can close the business case, ” Ambrose, an inductee into Executive Mosaic‘s Wash100 for 2015, was quoted as saying.

“You don’t know what’s going to happen with U.S. policy, as well as the market shifts, ” he added.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

David Smith
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