United Launch AllianceÂ has introduced its newÂ Next Generation Launch System rocket called VulcanÂ thatÂ features many components designed to be reusable.
The Boeing–Lockheed Martin joint ventureÂ said MondayÂ it selected the Vulcan name asÂ the result of an online poll that received more than a million votes.
“More capabilities in space mean more capabilities here on earth,” said Tory Bruno, ULA president and CEO.
The company noted that it is also working toÂ streamline rocket design and utilize the U.S.-made, reusableÂ BE-4 engine it developed in partnership with Blue Origin.
ULA unveiled VulcanÂ at the 31st Space Symposium alongside itsÂ Sensible, Modular, Autonomous Return Technology initiative to develop midair capture functionsÂ in an effort toÂ reuse the booster main engines of the rocket’s first stage.
“We took a systems engineer’s approach to what on the rocket was actually valuable,” Bruno saidÂ in a report published Tuesday on The Denver Post.
“This will take up to 90 percent of the propulsion cost out of the booster.”
The Post’s Laura Keeney reports that ULA also plans to replace the Centaur second stageÂ with theÂ Advanced Cryogenic Evolved Stage, whichÂ has an internal-combustion engine thatÂ turns waste propellants into electrical power.
The report said ULA expects to transition the U.S. Air ForceÂ from theÂ Delta IV to the Vulcan rocket by 2024.