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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…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]