Rocket Lab to receive $24M in CHIPS funding, expand New Mexico plant

URLhttps://www.manufacturingdive.com/news/rocket-lab-
Sourcemanufacturing dive
Date Published06/12/2024
Author NameSara Samora

Additional Reshoring Information:

Company/Division name SolAero
Parent companyRocket Lab
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):100
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2027
Domestically, the work will be done:In-house
Capital investment ($):24
City reshored to:Albuquerque
State(s) reshored to:NM
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsolar cells
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
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