Their launch volume has been trending down though. I don't think they're able to effectively compete for most contracts.
Their launch volume has been trending down though. I don't think they're able to effectively compete for most contracts.
Edit: Really it's a potential energy to cost problem. 5% more efficiency is [actually] big when leaving this planet, but yes, cost of air launch is still stuck in 1990 times. From the outside I didn't see any innovation from the VO team aside from electronics. As for VG, I used to work with their new CEO and Eng VP: they know ops, but I thought the systems/tech hadn't been flush out 100%, so may have the similar fate if a few customers start canceling. I have some ideas to 'fix' air launch requiring big R&D, but knee deep in fixing autonomous drones!
Peg was not financially successful cause prior 2002, the space race was maybe 15 launches a year: not profitable. Stuff like Iridium failed, shutting down ideas of having thousands of sats in LEO, mind that the only markets were communications (cellular/fiber won), science experiments, and imaging (imaging/remote sensing? Drone tech will eventually win). Luckily LEO payloads are a cool idea again-- tech is better + moore's law, thus demand is HOT. Heck Orbcomm is up there today, but old tech no one really wants.
Today, Elon played the long game (2002) and kept innovating where SpaceX has found the cost-benefit balance via reusability, and [with timing] being the only system post Shuttle it's a duopoly with ULA--charge as much to stay in the black. BUT the markets are still the 3 above, nothing new (Elon's Mars thing == passion project) though every country now wants their 'own constellation' cause of the NRO, hehe.
Trivia Edit: Peg's GNC computer was an 80386SX :)