SpaceX

ULA CEO Tory Bruno Unveils Vulcan

WASHINGTON: The still-newish CEO of the United Launch Alliance, Tory Bruno, faces tough questions from his board of directors. He faces tough questions from the House and the Senate about his use of Russian-built RD-180 rocket engines. But his biggest short-term problem — being allowed to use enough RD-180 engines to get his company from here to… Keep reading →

Sen. John McCain and Sen. Jack Reed SASC hearing

CAPITOL HILL: In a bold attempt to fix the Pentagon’s creaking system to develop and buy weapons, the Senate Armed Services Committee today introduced broad changes to who controls weapons programs and tried to encourage Silicon Valley and other non-defense industries to help maintain the country’s global technological and military dominance. This is the beginning of… Keep reading →

RD-180 engines on Atlas V

CAPITOL HILL: Sen. John McCain came out swinging about the Russian RD-180 rocket engine during a Senate Armed Service strategic forces hearing. McCain began yesterday by asking Air Force Secretary Deborah Lee James if she knew that a company called Amross was making millions of dollars of profits from the sale of the Russian rocket engines to the… Keep reading →

Gen. John Hyten

  COLORADO SPRINGS: Do not ever, ever tell Gen. John Hyten, the head of Air Force Space Command, that your satellite will use a proprietary ground system to receive and telemetry and fly the satellites. Today, Hyten told several hundred people at the annual Space Symposium here that he “was not happy” when a team of… Keep reading →

SpaceX Falcon 9 rockets in production.

WASHINGTON: SpaceX appears to have succeeded in cracking open the EELV program a bit in return for dropping its suit in the Court of Federal Claims against the Air Force. The agreement was announced by the Air Force and SpaceX after the stock market closed this afternoon. “The Air Force and SpaceX have reached agreement on a path forward… Keep reading →

SpaceX Falcon 9 rockets in production.

NATIONAL HARBOR: When will the Air Force certify SpaceX as ready to launch military satellites — if they certify the upstart startup at all? The new chief of Air Force Space Command said this morning that “hopefully” he could certify SpaceX by December 1st. Just hours later, though, the Secretary of the Air Force, Deborah… Keep reading →

RD-180 engines on Atlas V

WASHINGTON: When the Air Force issued a Request for Information about an engine to replace the RD-180 it began to look as if they were serious about committing to build the first new rocket engine in decades. But we also received two new RD-180 engines from Russia the same day as the RFI went out, the United… Keep reading →

SpaceX Falcon 9 rockets in production.

[UPDATED with SpaceX comment] WASHINGTON: For the first time in a decade, the Air Force has opened its primary space launch program to competition. That’s something startup rocket company SpaceX and Congress have pushed for vigorously. It’s also a long-anticipated blow for the United Space Alliance — formed by Boeing and Lockheed Martin – which has… Keep reading →

CAPITOL HILL: This morning’s Senate subcommittee mark-up of the annual defense spending bill meant good news and extra money for a host of interests, from upstart rocket-maker SpaceX to the giant Boeing company. On the bitterly contentious issue of the Army National Guard’s endangered Apache helicopter fleet, however, the Senate defense appropriations subcommittee put down a… Keep reading →

Reaping the Benefits of a Global Defense Industry

Steve Grundman

After three years of the “age of austerity” in Western military spending, investors’ imperatives and corporate strategies show one indication of how the defense-industrial base will evolve over the next decade. Investors want public companies that demonstrate an attractive risk-adjusted total return, not just M&A-fueled arbitrage plays. In response, companies are husbanding or harvesting their financial… Keep reading →

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