Rocket Lab Expands Albuquerque, New Mexico, Production Operations

URLhttps://www.areadevelopment.com/newsItems/6-13-202
SourceArea Development
Date Published06/13/2024

Additional Reshoring Information:

Company/Division name Rocket Lab USA, Inc
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):100
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):70
City reshored to:Albuquerque
State(s) reshored to:NM
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors for spacecraft and satellites
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Skilled workforce availability/training
Government Incentive dollar amount:$23.9 million + $25.5 million
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