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Full-Time

Program Manager

Solid Rocket Motors

Posted on 6/27/2024

Ursa Major

Ursa Major

201-500 employees

Develops propulsion systems for aerospace

Hardware
Aerospace

Compensation Overview

$120k - $195kAnnually

Senior, Expert

Loveland, CO, USA

US Citizenship Required

Category
Propulsion
Aerospace Engineering
Requirements
  • Bachelor’s degree in Engineering.
  • 5+ years of experience as a technical program manager, project or team lead.
  • Demonstrated leadership in aerospace or another highly technical program.
  • Prior experience as a project engineer, program manager, or team lead in a production or manufacturing role managing schedules and delegating tasks.
  • Passion for creatively developing a program plan despite resource constraints and the flexibility to adapt as inputs rapidly change.
  • Excellent verbal and written communication skills with the ability to pull data into a coherent presentation, paper, or briefing for customers and stakeholders.
  • Excellent understanding and experience with Microsoft Suite or practical experience implementing Earned Value Management (EVM) tools on projects.
  • Technical expertise in manufacturing, design, test, analysis, or integration.
  • Comfortable working in a fast-paced, startup environment.
  • This position requires that the employee be eligible and maintain eligibility for a Secret Clearance.
Responsibilities
  • Manages internal SRM program execution, from initial program plan definition through ultimate mission success.
  • Lead a project team to meet customer requirements within allocated cost and schedule commitments.
  • Develop, oversee, and coordinate the cost/schedule/technical aspects of an ongoing engineering project within the program guidelines set by the Program Manager and customer.
  • Full lifecycle engineering support for a range of software and hardware development, assembly, and integration and test efforts.
  • Review status of engineering projects and budgets, teams with Program Manager on schedules; drives execution, identifies opportunities, and delivers results through achieving payment milestones.
  • Leads internal status updates and milestone reviews. Responsible for presenting both programmatic and technical material.
  • Collaborates with team members to write, review, and deliver technical deliverables. Includes systems engineering requirements, change requests, risk definitions and mitigation plans, nonconformance reports, and data reviews.
  • Participates in business strategy discussions. Responsible for understanding and communicating impacts across programs during decision-making.
  • Brief executive team on program execution, risks, and key performance metrics (KPIs).
  • Assess engineering issues and develops resolutions to meet productivity, quality, and customer-satisfaction goals and objectives.
  • Identifies, tracks, mitigates, manages, and dispositions program-level risks and opportunities.
  • Estimate resource and material needs for the project/product.
  • Work in a collaborative team environment on quick reaction projects and have regular contact with customers.

Ursa Major develops propulsion systems specifically for the aerospace industry, focusing on engines for space launch vehicles and hypersonic applications. Their engines are designed to be reliable and cost-effective, addressing common propulsion issues that have led to launch failures in the past. Ursa Major's products work by providing launch-ready propulsion solutions that help clients, including private space companies and government agencies, overcome the challenges of developing high-performance engines. What sets Ursa Major apart from its competitors is its commitment to democratizing access to space, making advanced propulsion technology more accessible and affordable. The company's goal is to enhance space exploration and hypersonic travel by delivering engines that balance performance, reliability, and cost, ensuring that clients can achieve successful launches with less financial and technical burden.

Company Stage

Series D

Total Funding

$361.5M

Headquarters

Berthoud, Colorado

Founded

2015

Growth & Insights
Headcount

6 month growth

8%

1 year growth

10%

2 year growth

7%
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Simplify's Take

What believers are saying

  • Ursa Major's innovative propulsion solutions have the potential to significantly reduce the cost and increase the reliability of space launches, making space more accessible.
  • The company's successful testing and deployment of engines like the Draper hypersonic rocket engine demonstrate its technological prowess and market readiness.
  • The appointment of Bill Nash as CFO, with his extensive experience in financial strategy, positions Ursa Major for robust financial growth and operational efficiency.

What critics are saying

  • The highly competitive aerospace market requires continuous innovation and substantial investment, posing financial risks if technological advancements do not keep pace.
  • Dependence on government contracts, such as those with the U.S. Navy, could lead to revenue volatility if there are changes in defense spending or contract renewals.

What makes Ursa Major unique

  • Ursa Major's focus on propulsion systems for both space launch vehicles and hypersonic applications sets it apart in the aerospace industry, where many competitors specialize in only one area.
  • The company's use of advanced manufacturing techniques, such as 3D printing, allows for faster and more cost-effective production of high-performance engines, a significant advantage over traditional manufacturing methods.
  • Ursa Major's strategic contracts with the U.S. Navy for developing next-generation solid rocket motors highlight its credibility and capability in delivering critical defense technologies.
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