LONG BEACH, Calif .– (COMMERCIAL THREAD) – Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced that it has completed the acquisition of Advanced Solutions, Inc. (ASI), a Colorado-based aerospace engineering company providing proven space software, mission simulation and test systems, and guidance, navigation and control (GNC) solutions, for $ 40 million plus the potential of $ 5.5 million in additional performance gains based on CY 2021 results.
ASI’s cutting-edge advancements in flight software, mission simulation and CNG significantly enhance Rocket Lab’s space systems portfolio, which includes the Photon line of spacecraft and a growing suite of spacecraft hardware solutions , including those brought to the portfolio by the acquisition of Sinclair Interplanetary in April 2020.
“Rocket Lab and ASI have both built leading space companies with proven technology and have a common vision to make it easy to access space and do amazing things there, so we are delighted to welcome ASI. on board to further enhance our space systems portfolio. and deliver improved end-to-end space solutions, ”said Peter Beck, Founder and CEO of Rocket Lab. “The ASI team revolutionized flight software and enabled some of the most important space exploration missions. has provided industry-first off-the-shelf spacecraft flight software products that enable cost-effective, high-performance constellation and interplanetary missions. By joining forces, we believe this will have a transformative effect on the way spacecraft are designed, built, tested, launched and operated, further unleashing the potential of space.
“We have found a perfect deal with Rocket Lab and are excited to team up with them to continue to make space faster, easier and more affordable,” said John Cuseo, Founder and CEO of ASI. “The two companies complement each other very well. As we come together, we will continue to serve our customers and innovate in our areas of expertise, including space software and CNG, but now with more rocket fuel in the tank to play with. We look forward to becoming an integral part of Rocket Lab’s Space Systems business as well, supporting Photon missions, satellite components, and space and ground software.
ASI’s nearly 60-person team will continue to be led by John Cuseo in Colorado, enabling Rocket Lab to expand its presence in the nation’s second-largest aerospace economy and house cutting-edge space programs. , military commands and renowned research laboratories and universities. The ASI team will continue to serve its existing customer base, while leveraging the ability to scale by leveraging Rocket Lab’s resources, team and technology.
Founded in 1995, ASI has developed a suite of advanced software and technology solutions for the reliable design and operation of space missions. It is standard spacecraft flight software, MAX, which runs on more than 45 spacecraft for 135 cumulative years in space. ASI’s customers include major aerospace contractors, the US Air Force, US DOD organizations, NASA, and commercial spacecraft developers, including many of the exciting new space start-ups. .
The ASI team has supported some of the most ambitious land, interplanetary, and manned space flight missions. These missions explored distant planets, connected people on Earth, and pushed the boundaries of what is possible in space. Now, ASI’s space engineers and software products enable a wide variety of missions with speed, capacity and reliability.
About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with a proven track record of mission success. We provide reliable launch services, spacecraft components, satellites, and other spacecraft and in-orbit management solutions that make accessing space faster, easier and more affordable. Based in Long Beach, Calif., Rocket Lab designs and manufactures the small Electron orbital launcher and Photon satellite platform and develops the 8 ton Neutron payload class launcher. Since its first orbital launch in January 2018, Rocket Lab’s Electron launcher has become the second most frequently launched US rocket each year and has placed 105 satellites into orbit for private and public sector organizations, enabling operations in the fields of national security, scientific research and space debris mitigation. , Earth observation, climate monitoring and communications. Rocket Lab’s Photon spacecraft platform was selected to support NASA’s missions to the Moon and Mars, as well as the first private trade mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site located in New Zealand, one of which is currently operational, and a second launch site in Virginia, United States. United, which is expected to become operational by the end of 2021. For more information, visit www.rocketlabusa.com.
Forward-looking statements
This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934. , as amended. These forward-looking statements, including, without limitation, expectations regarding the benefits of the ASI acquisition, are based on Rocket Lab’s current expectations and beliefs regarding future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. . There are many factors that could cause actual future events to differ materially from the forward-looking statements contained in this press release, including risks related to the global COVID-19 pandemic, including risks related to government restrictions and lockdowns. New Zealand and other countries in which we operate which may delay or suspend our operations; delays and interruptions in expansion efforts; our dependence on a limited number of clients; the harsh and unpredictable space environment in which our products operate, which could adversely affect our launcher and spacecraft; increased congestion due to the proliferation of constellations in low Earth orbit which could greatly increase the risk of potential collision with space debris or other spacecraft and limit or impair our launch flexibility and / or our access to our own slots orbitals; increased competition in our industry due in part to rapid technological development and falling costs; technological changes in our industry that we may not be able to keep up with or that could make our services uncompetitive; evolution of average selling prices; the inability of our satellites to perform as expected, either due to our design error during production or through no fault of our own; interruptions in the launch schedule; supply chain disruptions, delays or product failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in government regulations, including with respect to trade and export restrictions, or in the status of our regulatory approvals or requests; or other events that require us to cancel or reschedule launches, including customer contractual rescheduling and termination rights; the risks that acquisitions will not achieve the expected benefits and results; and other risks detailed from time to time in documents filed by Rocket Lab with the Securities and Exchange Commission under “Risk Factors” and elsewhere (including that the impact of the COVID-19 pandemic may also exacerbate the risks discussed there). There can be no assurance that future developments affecting Rocket Lab will be as we have anticipated. Except as required by law, Rocket Lab assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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