Ursa Major

A merchant supplier of liquid and solid rocket propulsion in an industry that had quietly consolidated to a handful of integrated primes. The Special Situations strategy treats Ursa Major as the kind of dual-use frontier business — defense plus commercial space — that an evergreen single-source-of-capital book is built to hold across cycles.

• 01Hadley — 5,000-lbf oxygen-rich staged combustion liquid rocket engine
• 02Ripley — 50,000-lbf class engine for medium-launch and hypersonic vehicles
• 03Solid rocket motor manufacturing for DoD customers