Main Engine Cut Off

Tory Bruno on Vulcan and Internal Investment

Jeff Foust of SpaceNews on a talk given by Tory Bruno yesterday:

Bruno also said he was not concerned about getting approvals from ULA’s two owners, Boeing and Lockheed Martin, to continue development of Vulcan. “We generate our own operating cash and expenses and investment from our ongoing business,” he said. “Our parents — our owners — generously allow us to invest in this new platform rather than simply turn that money back into cash in their pockets.”

Bruno declined to specify how much internal investment was going into Vulcan, but noted the company has consistently been profitable. “I might hazard to argue that ULA is one of the very few space launch companies that has consistently earned a reasonable profit,” he said.

I’d love to see the numbers involved here, but the fact that Bruno is putting this out there at all says a lot.