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Advanced / Transformational Technology

Rocket Lab In Line For $24 Million Federal Investment To Increase Space-Grade Solar Cell Production

By Cal Biesecker

Tuesday, June 11th, 2024

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Rocket Lab In Line For $24 Million Federal Investment To Increase Space-Grade Solar Cell Production

Rocket Lab solar cells. Photo: Rocket Lab

The Biden administration on Tuesday said it has reached a preliminary agreement with Rocket Lab [RKLB] to provide $23.9 million in federal investment to increase production of the company’s solar cells that power spacecraft and satellites. The preliminary memorandum of terms is non-binding and a final agreement will depend on the results of further due diligence and negotiations, the Department of Commerce said. The investment would boost the company’s production of compound semiconductors by 50 percent within the next three…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]