The Journal of Space Commerce

The Journal of Space Commerce

CHIPS Incentives Awards Finalized by Department of Commerce

Rocket Lab, BAE Systems to Expand Production

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Tom Patton
Dec 03, 2024
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Image Courtesy Rocket Lab

The U.S. Department of Commerce has finalized two separate awards under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. The Department awarded BAE Systems Electronic Systems, a business unit of BAE Systems, Inc., up to $35.5 million in direct funding, and awarded Rocket Lab, the parent c…

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