Jaime Farr Jaime Farr

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. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, has 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.

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Jaime Farr Jaime Farr

Kongsberg NanoAvionics Appoints New CEO

Smallsat mission integrator and bus manufacturer Kongsberg NanoAvionics ("NanoAvionics") has appointed Atle Wøllo as its new CEO. Wøllo is replacing Žilvinas Kvedaravičius, who became interim CEO last year, following the departure of co-founder and former CEO Vytenis J. Buzas in 2023.

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