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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