Rocket Lab USA officially opened the Company’s new Engine Development Center in Long Beach, California. The 144,000+ square foot advanced manufacturing complex will support the high-rate production of Rocket Lab’s 3D printed Rutherford engine, as well development and production for the new Archimedes engine that will power the Company’s new medium-lift rocket, Neutron. The facility was formerly Virgin Orbit’s headquarters and factory for the Launcher One vehicle. Rocket Lab took over the lease for the facility and acquired the factory’s production assets, machinery, and equipment in May 2023 for $16.1 million, generating significant savings for the Neutron’s production program.
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