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.

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

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