Greason, Xcor’s CEO, was replaced in 2015 by Jay Gibson, a former Beechcraft Corp. executive who had previously served as assistant secretary of the U.S. Air Force. A year later, the company shelved Lynx development and turned its focus to a contract to build an upper-stage rocket engine for United Launch Alliance, a joint venture of Boeing Co. and Lockheed Martin Corp. that launches national security satellites for the U.S. government. That was the company’s most promising near-term source of revenue. That same year, Xcor laid off about half of its 50- to 60-person workforce, including Amon.
Source: latimes.com – Los Angeles Times