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Boeing-Lockheed Space Venture Inks $1.5 Billion Private Bonds
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Boeing-Lockheed Space Venture Inks $1.5 Billion Private Bonds

(Bloomberg) -- Boeing Co. and Lockheed Martin Corp.’s rocket joint venture is wrapping up a $1.5 billion private-bond deal that’s been tripled in size.

United Launch Alliance, a rocket launch provider for the US military and commercial clients including Amazon.com Inc., offered four portions of debt with maturities ranging from three to 10 years, according to people with knowledge of the matter, who asked not to be identified because they’re not authorized to speak publicly. It had originally been looking to raise $500 million.

bloomberg.com
u/Royal_Platform_6754 — 1 day ago
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ULA on X: Vulcan Wet Dress Rehearsal (WDR)✔️Yesterday, ULA conducted a Wet Dress Rehearsal (WDR), at Space Launch Complex-41.

Yesterday, ULA conducted a Wet Dress Rehearsal (WDR), at Space Launch Complex-41. This full day-of-launch demonstration loaded propellant into the Vulcan rocket and new LEO-optimized Centaur V upper stage, and tested functions of the new Vulcan Launch Platform (VLP)-A, the second Vulcan platform to serve Amazon Leo missions on our heavy-lift rocket.

https://x.com/ulalaunch/status/2085706690356215892

u/Royal_Platform_6754 — 13 days ago
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Vulcan set to launch this year

ULA aims to return Vulcan rocket to flight by the end of the year The Vulcan rocket has been grounded since a booster issue in February (WFTV)

CAPE CANAVERAL, Fla. — United Launch Alliance aims to return its Vulcan rocket to flight this year after an earlier grounding, confirming it is making proactive engine valve modifications following a recent technical issue.

The Vulcan rocket has been grounded since a booster issue in February. Current modifications involve BE-four engines, used in Vulcan and Blue Origin’s New Glenn. In May, Blue Origin found an explosive anomaly related to the main oxygen valve on one engine, prompting a retrofit.

Modifications are being made to the BE-four engines currently in United Launch Alliance inventory. These modifications are being performed by Blue Origin on engines already installed on Vulcan rockets at the factory in Decatur, Ala. and at launch facilities in Cape Canaveral.

Dr. Ken Kremer, a space expert, noted the technical variations between the power plants used on the two different launch vehicles. “There is slight differences between the BE-four’s on Vulcan. And the BE-4s on New Glenn, like the ones on the New Glenn are recycled, whereas the ones on Vulcan are disposable, but those are small changes, smaller changes,” Kremer said. “So that’s where it stands right now.”

The adjustments to the valves are designed for quick retrofitting to existing engines. Kremer explained that while the changes are manageable, significant preparation remains for both companies involved in the launches. “So there’s a lot of work to be done before they can even think about launching either one of those rockets,” Kremer said.

United Launch Alliance expects to meet its objective of returning the Vulcan rocket to flight before the end of the year. The schedule for the modification efforts remains aligned with this target. Vulcan rocket: ULA works toward return to flight this year - WFTV

u/Curious-Love2894 — 12 days ago
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Boeing-Lockheed Rocket Joint Venture Taps Private Bond Market

United Launch Alliance, a rocket launch provider for the US military and commercial clients including Amazon.com Inc., is seeking to raise about $500 million through a private placement, according to people familiar with the matter who aren’t authorized to speak publicly.

US Bancorp, Mizuho Financial Group Inc., and Wells Fargo & Co. are arranging the transaction, one of the people said.

A representative for ULA declined to comment, as did representatives for the banks.

Companies go the private-placement route to bypass volatile public offerings and sell debt directly to institutional investors. The market has seen record issuance through May of this year, with the National Football League and Brady Corp. among recent borrowers.

In ULA’s case, the bonds will be considered a so-called true private placement, which means they are not registered and won’t be offered in public markets.

bloomberg.com
u/Royal_Platform_6754 — 13 days ago
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How do you get a job at ULA?

I studied electrical engineering at UCI, and I got zero internships and got denied from every engineering club there. Obviously, I am not very desirable for companies. I don't know what I did wrong though because I worked hard in college. So what do I do? I want to work in defense and national security, but I just can't get a single opportunity.

reddit.com
u/Minimum-Service7341 — 12 days ago