Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Bezos' Blue Origin to deliver first flight-ready rocket engines next summer - ULA CEO

Published 12/18/2020, 12:34 AM
Updated 12/18/2020, 06:05 AM
© Reuters. FILE PHOTO: The Blue Origin rocket facility in Cape Canaveral

By Joey Roulette

WASHINGTON (Reuters) - The chief executive of United Launch Alliance (ULA), a joint rocket venture between Boeing (NYSE:BA) Co and Lockheed Martin Corp (NYSE:LMT), said it expects to receive two new rocket engines from billionaire Jeff Bezos' Blue Origin by next summer.

ULA, the Pentagon's top launch contractor for national security satellites, had initially expected the shipment in 2020 for a debut flight in early 2021, but this was delayed by development hurdles.

The installation of Blue Origin's reusable BE-4 engines into ULA's next-generation Vulcan rocket will keep it on track for the debut launch of a moon lander dubbed Peregrine at the end of 2021, ULA Chief Executive Tory Bruno said. The Vulcan rocket has won a slate of key U.S. defense missions through 2027.

"That is now our expectation, that Peregrine will go to space in the 4th quarter of 2021," Bruno told reporters during a call on Thursday.

ULA picked Blue Origin's BE-4 in 2018 to power Vulcan, a two-stage heavy-lift rocket that will succeed ULA's Atlas (NYSE:ATCO) 5 workhorse.

The delivery of Blue Origin's BE-4 was delayed over an issue with the engine's complex single-shaft turbopump, the part of a rocket engine that injects flammable propellants during ignition with forces of 80,000 horsepower. 

© Reuters. FILE PHOTO:  NASA discuss the status of the Boeing CST-100 Starliner spacecraft orbital test flight  in Cape Canaveral

Those challenges are "all behind us now and we are very confident in the final configuration," Bruno said. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.