Partnership Between Ursa Major
and JobsOhio Establishes Additive Manufacturing and Materials
Development Hub in Youngstown
YOUNGSTOWN, Ohio, July 25,
2024 /PRNewswire/ -- Ursa Major, America's leading
privately funded company focusing solely on rocket propulsion, is
establishing a new research-and-development center in Youngstown, Ohio, to advance additive
manufacturing and materials development technology for liquid
rocket engines and solid rocket motors. The center represents a
capital investment of $14.5 million,
which includes $4 million in
assistance in the form of a JobsOhio R&D Grant. Ursa Major
worked closely with JobsOhio Network partner Team NEO to secure
funding for the expansion, which will be in the new Lake to River
region.
The R&D center marks an expansion in Ohio, where Ursa Major already 3D prints
hardware for propulsion systems. In the coming years, the company
will expand its workforce from three to eighteen people.
Liquid rocket engines and solid rocket motors power platforms
that are essential for America's security, including
high-performance munitions, hypersonic weapons, in-space propulsion
systems, and space launch. Ursa Major is expanding its R&D
efforts to meet a rapidly growing portfolio of U.S. Department
of Defense development contracts.
"The new R&D center in Youngstown takes advantage of Ohio's manufacturing heritage and uniquely
skilled workforce to advance manufacturing in service to our
national security," said Ursa Major CEO Joe Laurienti. "Raw
material access, supply chain, and a vibrant additive manufacturing
ecosystem as a result of the America Makes program make
Youngstown an ideal home for this
center."
"Ursa Major's R&D center plans in the Mahoning Valley
represent Ohio's strong aerospace
and manufacturing legacy and how this state is driving the future
of how things are made in America and worldwide," said JobsOhio
President and CEO J.P. Nauseef.
"Innovation from Mahoning County
is rapidly advancing additive manufacturing technology, and Ursa
Major's investment is an example of how that attracts extraordinary
companies."
The new center will be located in Boardman and will
accelerate new material development and qualification processes for
aerospace applications of additive manufacturing. This includes
developing metallic alloys for solid rocket motors and development
of copper and nickel alloys for liquid rocket engines. The center
will be home to multiple Laser Powder Bed Fusion 3D Printers, which
are state-of-the-art machines that enable unparalleled speed for
rapid prototyping and material development.
About Ursa Major
Ursa Major is America's leading privately funded company
focusing solely on rocket propulsion, bringing high-performance,
staged combustion liquid engines to market for space, launch, and
hypersonic uses while deploying a novel manufacturing process to
scale solid rocket motor production. Ursa Major customers, ranging
from commercial space launch providers to enterprise-level
aerospace and defense leaders as well as the U.S. government,
get to flight faster, more reliably and cost-effectively. The
company employs the most sought-after engineers from top aerospace
programs and universities. Headquartered in Berthoud, Colorado, with additive
manufacturing facilities in Youngstown,
Ohio, Ursa Major was named one of the best places to work by
Built in Colorado three years in a
row. For more information,
visit www.ursamajor.com. For downloadable images
and videos, click here.
About JobsOhio
JobsOhio, Ohio's private
nonprofit economic development corporation, enhances company growth
and personnel development through business attraction, retention,
and expansion across ten competitive industry sectors. With a team
of seasoned professionals, JobsOhio utilizes a comprehensive
network to foster talent production in targeted industries and
attract talent through Find Your Ohio.
Collaborating with seven regional partners,
including Dayton Development
Coalition, Lake to River Economic
Development, Ohio Southeast Economic
Development, One
Columbus, REDI
Cincinnati, Regional Growth Partnership,
and Team NEO. JobsOhio delivers world-class
customer service to provide companies with a competitive
advantage.
Media Contact: Ursa Major | media@ursamajor.com
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SOURCE Ursa Major Technologies