Ursa Major's $12.5 million contract with the DoD's OSC for solid fuel rocket engines is a significant step, showcasing the government’s push for innovation in defense technology.
The OSC has struggled with funding since its inception, revealing challenges in Congress that have made it difficult to attract the necessary private investments into defense tech.
Bill Murray highlighted that traditional solid rocket motor production could take from five to 18 years, emphasizing the urgency for innovation due to the conflict in Ukraine.
Ursa Major's 3D printing technology enables rapid production, reducing the manufacturing timeline from traditional methods which can exceed a year to less than a month.
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