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Lockheed Martin Invests In Private Rocket Developer Rocket Lab

Rich Abott By
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Rocket Lab on March 2 said it has completed a new round of financing with its existing investors and Bessemer Venture Partners and will receive a strategic investment from Lockheed Martin [LMT] to support the exploration of future aerospace technologies.Rocket Lab, which is based in the United States and includes a New Zealand subsidiary where Electron is being designed, said it will use the new funding to complete its Electron launch vehicle system and plans to begin operations as a…

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