Rocket Lab Signs Preliminary Terms to Receive up to $23.9M in Funding Under the CHIPS Act to Expand Production of Semiconductors that Power Spacecraft
Rocket Lab USA, Inc. (RKLB)
Company Research
Source: Business Wire
The proposed investment would enable Rocket Lab to further expand in New Mexico, creating more jobs and increased manufacturing capacity of space-grade solar cells which are important components for national defense and security satellites ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced the signing of a non-binding preliminary memorandum of terms (PMT) with the Department of Commerce that would see Rocket Lab receive up to $23.9M in direct funding under the CHIPS and Science Act. The proposed investment would enable Rocket Lab to increase its production of compound semiconductors for spacecraft and satellites, as part of an expansion and modernization of the Company’s facility in Albuquerque, New Mexico. This proposed CHIPS investment would create more than 100 direct manufacturing jobs.This press release features multimedia. View the full release here: htt
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RKLB
Earnings
- 5/6/24 - Beat
RKLB
Sec Filings
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- RKLB's page on the SEC website