Northrop Grumman lost $71 million from its bottom line because of its solid-fueled booster failures
In its most recent financial statement, Northrop Grumman admitted it took a $71 million charge due to nozzle failures on two of its solid-fueled boosters, dubbed GEM 63XL, during two different launches of ULA’s Vulcan rocket.
In a statement about its first-quarter financial results, the company said its Space Systems division recorded a $71 million “unfavorable adjustment” to earnings at completion on its GEM 63XL booster “associated with a launch anomaly that occurred during the first quarter.”
The GEM 63XL solid-fuel booster is used on United Launch Alliance’s Vulcan Centaur rocket. On a Feb. 12 launch, one of four boosters shed debris about 65 seconds after liftoff. The “observation,” as ULA termed it initially, did not affect the success of the USSF-87 mission, placing its payload into its planned geosynchronous orbit.
ULA later called the incident a “significant performance anomaly” with the booster that it would investigate before returning Vulcan to flight. The vehicle has not launched since then.
A similar incidence took place during an earlier Vulcan launch, with the rocket’s core stage and the remaining undamaged boosters getting the payload into the proper orbit. The continuing problem however has now grounded Vulcan, though the military is considering using it for some small payload launches, without the GEM strap-on boosters.
As a result, the Pentagon has already shifted several launches from ULA to SpaceX, costing ULA a significant amount of revenue. In addition, Vulcan’s grounding will impact the launch of Amazon’s Leo internet constellation, which had a major contract with ULA to get its Leo satellites into orbit.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
In its most recent financial statement, Northrop Grumman admitted it took a $71 million charge due to nozzle failures on two of its solid-fueled boosters, dubbed GEM 63XL, during two different launches of ULA’s Vulcan rocket.
In a statement about its first-quarter financial results, the company said its Space Systems division recorded a $71 million “unfavorable adjustment” to earnings at completion on its GEM 63XL booster “associated with a launch anomaly that occurred during the first quarter.”
The GEM 63XL solid-fuel booster is used on United Launch Alliance’s Vulcan Centaur rocket. On a Feb. 12 launch, one of four boosters shed debris about 65 seconds after liftoff. The “observation,” as ULA termed it initially, did not affect the success of the USSF-87 mission, placing its payload into its planned geosynchronous orbit.
ULA later called the incident a “significant performance anomaly” with the booster that it would investigate before returning Vulcan to flight. The vehicle has not launched since then.
A similar incidence took place during an earlier Vulcan launch, with the rocket’s core stage and the remaining undamaged boosters getting the payload into the proper orbit. The continuing problem however has now grounded Vulcan, though the military is considering using it for some small payload launches, without the GEM strap-on boosters.
As a result, the Pentagon has already shifted several launches from ULA to SpaceX, costing ULA a significant amount of revenue. In addition, Vulcan’s grounding will impact the launch of Amazon’s Leo internet constellation, which had a major contract with ULA to get its Leo satellites into orbit.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News