Ursa Major secures $12.5 million investment for development of solid rocket motors
September 17, 2024
Ursa Major Technologies Inc., located in Berthoud, Colorado, USA, was selected by the US Department of Defense (DoD) as one of the inaugural recipients of investments from the Office of Strategic Capital (OSC) to strengthen critical supply chain technologies needed for national security. The OSC announced the $12.5 million joint investment contract in partnership with the US Navy to mature Ursa Major’s Lynx solid rocket motor (SRM) manufacturing process. Ursa Major will match the DoD investment representing a $25 million expansion of the company’s SRM capabilities.
The OSC was established to increase investments in priority critical technology areas for national security. Ursa Major, part of the first group of companies OSC has selected, will focus the investment on advancing manufacturing capability in the areas of propellant manufacturing, Additive Manufacturing, and composite case winding in support of SRMs for national security missions.
“We are proud to work with OSC on their mandate for expanding the defence industrial base by bringing new innovations into the DoD ecosystem,” said Dan Jablonsky, Ursa Major CEO. “Ursa Major is revolutionising manufacturing approaches used in propulsion development in the United States, building flexibility of production and scalability into manufacturing for our defence customers.”
This project is a partnership between Ursa Major and the Naval Air Weapons Center China Lake and the Naval Surface Warfare Center Indian Head Division.
Ursa Major’s investment will be used to complete an advanced manufacturing pathfinder programme for the design, manufacture, and test of a Navy SRM prototype. Ursa Major is currently developing a second source Mk104 Dual Thrust Rocket Motor (DTRM) for the Navy under a separate award.
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