Home / Press Releases / Lockheed, Boeing JV Assigns $134M for Vulcan Rocket Devt; Rick Ambrose Comments

Lockheed, Boeing JV Assigns $134M for Vulcan Rocket Devt; Rick Ambrose Comments

Rick Ambrose
Rick Ambrose

TYSONS CORNER, VA, March 14, 2016 — The Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) joint venture United Launch Alliance has assigned $134 million toward the development of the Vulcan rocket in an effort to be independent from the Russian RD-180 engine, ExecutiveBiz reported Friday.

Space News reported Thursday the U.S. Air Force plans to put $201 million into the Vulcan program and the integration of Blue Origin’s BE-4 engine with the rocket’s design.

“We have to be prudent, disciplined stewards of any kind of investment, ” said Rick Ambrose, executive vice president of Lockheed Martin‘s space systems segment.

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