An Atlas 5 rocket rolls out to the launch pad.

In a recent guest column for the SpaceNews magazine, ULA CEO Tory Bruno wrote that characterizing the company’s EELV Launch Capability contract as an $800 million subsidy “for doing nothing” reveals a fundamental lack of understanding of this innovative contracting mechanism.

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Brian Berger is editor in chief of SpaceNews.com and the SpaceNews magazine. He joined SpaceNews.com in 1998, spending his first decade with the publication covering NASA. He was named senior staff writer in 2004, a position he held until being named...