:

Business/Financial

Rocket Lab Closes $80 Million Acquisition Of SolAero

By Cal Biesecker

Thursday, January 20th, 2022

SHARE:

Rocket Lab Closes $80 Million Acquisition Of SolAero

SolAero's products include inverted metamorphic space solar cells. Photo: Rocket Lab

Rocket Lab USA [RKLB] this week said it has completed its $80 million cash acquisition of SolAero Holdings in a deal that adds scalable solar space power products to its portfolio, fitting with its strategy to be a vertically integrated provider of space solutions. Rocket Lab, which is based in California, said SolAero gives it the world’s largest production lines for space-grade solar cells, which are used in civil, science, defense, intelligence and commercial markets. As part of Rocket Lab,…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]