XCOR Releases Statement About Layoffs

Lynx engine hot fire. (Credit: XCOR)
Lynx engine hot fire. (Credit: XCOR)

XCOR ANNOUNCES STRONGER STRATEGIC FOCUS ON LH2 PROGRAM

Midland, May 31, 2016

Following recent breakthroughs in the effort of developing safer, cost-effective, sustainable, reliable and instantly reusable rocket engines for XCOR’s Lynx and other launchers, XCOR Aerospace announced earlier today that it has decided to focus the majority of its resources on the final development of the revolutionary liquid oxygen and liquid hydrogen (LH2) program. This innovative propulsion technology has applications to upper stage liquid hydrogen engines suitable for the Atlas V, Delta IV, and the planned NASA Space Launch System (SLS) and further underscores the partnership between XCOR and ULA, USA’s premier launch services provider that was announced March 9 this year.

“Based on the immediate engine opportunities presented to us, we decided we needed to fully focus on the LH2 program for the forthcoming period”, said Jay Gibson, President and CEO of XCOR Aerospace. .“Given that we remain a small-scale company, we are planning to place more emphasis on fine-tuning the hydrogen engine program to achieve an optimal closed loop system for cryogenic rocket engines. We are convinced that this effort will ensure that XCOR is better positioned to finish the Lynx Project in a more efficient, reliable and safer manner. Instantly Reusable Launch Vehicles will make the edge of space accessible for everyone and our efforts with ULA on the LH2 propulsion systems will do the same for deep space.”

XCOR will continue to keep working from both the Mojave and Midland locations.

Editor’s Note: XCOR just laid off about two dozen people. It is customary in these kinds of statements to acknowledge the cuts, express regret that they were required, and thank the departing employees for their service.

XCOR’s problem is — and has always been — funding. There wasn’t enough of it to keep the Lynx staff intact, which is why most of them were laid off.

There are enough people left with Lynx knowledge to restart the program at a future time. However, XCOR would need to raise money to do so, and then hire new engineers and get them up to speed on an unique vehicle. From that perspective, XCOR won’t really be in a better position as a result of this decision.