A rocket company owned by Lockheed Martin and Boeing said on Friday it cut 350 jobs, with another 400 to 500 layoffs expected in 2017.
The staff reductions amount to a quarter of the workforce at United Launch Alliance LLC, the Centennial, Colorado-based company that supplies the U.S. Air Force with Atlas and Delta rockets to launch military and spy satellites into space.
ULA wants to position itself to better compete against technology entrepreneur Elon Musk's Space Exploration Technologies and other upcoming commercial launch service companies, such as Jeff Bezos' Blue Origin and Paul Allen's Stratolaunch Services.
SpaceX, as Musk's privately owned Hawthorne, California-based firm is known, in April broke ULA's 10-year monopoly on military satellite launch contracts with an $83-million Air Force award to deliver a GPS spacecraft into orbit in 2018.
The price for a SpaceX Falcon 9 launch is 40 percent less than what the Air Force expected to pay for a ULA Atlas 5 rocket ride, Lieutenant General Samuel Greaves, head of the Air Force's Space and Missile Systems Center, told reporters on a conference call after the contract announcement.
About two-thirds of ULA's layoffs were voluntary, with another 110 workers receiving notice on Thursday of an involuntary layoff, Rye said.
The cuts impact employees in Colorado, Texas, California, Alabama and Florida.
With the acquisition of two Tecnam P2006T aircraft, Epic Flight Academy elevates its training environment to a new level of modernity. The aircraft’s sleek airframe, cutting‑edge avionics, and e...
AIRCAIRO, Egypt’s National growing Air-carrier, has signed a firm order for 15 Airbus A320neo aircraft at the El Alamein International Airshow 2026. The agreement marks an important mi...
The Los Angeles Rams have touched down in Melbourne on a Qantas charter flight ahead of Friday's NFL game at the Melbourne Cricket Ground, the first regular season game the league has played in Au...
Daher Aircraft has reaffirmed its leadership in turboprop aviation, securing the No. 1 position for the sixth consecutive year in Professional Pilot magazine’s Product Support Survey. In the 202...
