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Boeing-Lockheed JV to Help Fund RD-180 Engine Backups

rocket launchTYSONS CORNER, VA, March 10, 2016 — A Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture will help fund the development of Aerojet Rocketdyne’s AR-1 and Blue Origin’s BE-4 rocket engines, ExecutiveBiz reported Wednesday.

National Defense magazine reported Tuesday that United Launch Alliance will invest in the ongoing work to develop AR-1 and BE-4,  which are alternatives to the Russian RD-180 engine.

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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