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Advanced / Transformational Technology

Commerce Department Finalizes CHIPS Act Awards To BAE, Rocket Lab

By Cal Biesecker

Monday, November 25th, 2024

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Commerce Department Finalizes CHIPS Act Awards To BAE, Rocket Lab

Solar space panels produced by Rocket Lab. Photo: Rocket Lab

The Department of Commerce on Monday said it has finalized awards to BAE Systems and Rocket Lab [RKLB] to incentivize domestic semiconductor capabilities using funding provided by the CHIPS and Science Act. The up to $35.5 million direct funding for BAE and $23.9 million for Rocket Lab was previously announced when the Commerce Dept. signed preliminary memorandum terms with both companies (Defense Daily, Dec. 11, 2023 and June 11, 2024). BAE’s funding will support the modernization of its Nashua, N.H.-based…

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