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Rocket Lab, JetZero Boost SoCal Aerospace
['Kevin Costelloe', 'Tech Reporter At Orange County Business Journal']
Orange County Business Journal
Two Southern California firms are adding to the resurgence of the region’s aerospace and defense industry with major contract and funding announcements.
Rocket Lab Corp. has won a $266 million Space Force contract, its largest launch award to date, while JetZero is pursuing up to $3 billion in financing for its planned commercial jetliner manufacturing plant.
The company said Aug. 5 it had been awarded another Space Force contract, this one worth $397 million for surveillance satellites.
Under the Space Force contract, Rocket Lab will conduct 12 suborbital launches, with up to six additional launches (Nasdaq: RKLB).
JetZero also has varying forms of support and backing from other carriers, including support and backing from other carriers including an investment from United Airlines.