{"id":8561,"date":"2023-05-25T01:04:34","date_gmt":"2023-05-24T17:04:34","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/rocket-lab-purchases-virgin-orbits-long-beach-california-assets-to-support-its-neutron-rocket-program\/"},"modified":"2023-05-25T01:04:34","modified_gmt":"2023-05-24T17:04:34","slug":"rocket-lab-purchases-virgin-orbits-long-beach-california-assets-to-support-its-neutron-rocket-program","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/rocket-lab-purchases-virgin-orbits-long-beach-california-assets-to-support-its-neutron-rocket-program\/","title":{"rendered":"Rocket Lab Purchases Virgin Orbit&#8217;s Long Beach California Assets to Support its Neutron Rocket Program"},"content":{"rendered":"<p style=\"text-align: center;\" itemprop=\"image\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/ImageObject\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.satnow.com\/news\/cover_neutron_1__638205199260796801.jpg\" width=\"712\" height=\"377\" alt=\"Rocket Lab Purchases Virgin Orbit's Long Beach California Assets to Support its Neutron Rocket Program\" class=\"imageload removeImageattr\" data-original=\"https:\/\/cdn.satnow.com\/news\/cover_neutron_1__638205199260796801.jpg\" style=\"\"><meta itemprop=\"url\" content=\"https:\/\/cdn.satnow.com\/news\/cover_neutron_1__638205199260796801.jpg\"><meta itemprop=\"width\" content=\"712\"><meta itemprop=\"height\" content=\"377\"><\/p>\n<p>Rocket Lab USA, a launch and space systems company, announced it has been selected as a successful bidder and is finalizing an asset purchase agreement for the purchase of certain Long Beach California aerospace production and manufacturing assets from Virgin Orbit Holdings, Inc. and certain of its subsidiaries in Virgin Orbit\u2019s Chapter 11 bankruptcy auction.<\/p>\n<p>Rocket Lab\u2019s successful bid of approximately $16.1 million includes the assumption of the lease to Virgin Orbit\u2019s 144,000+ square foot headquarters and manufacturing complex at 4022 E. Conant St. in Long Beach, California (the \u201cConant Facility\u201d), and certain production assets, machinery, and equipment located there. The successful bid does not include the purchase of Virgin Orbit\u2019s Boeing 747 aircraft, launch vehicles or mobile launch assets for its rockets, or other Virgin Orbit facilities, inventory, and assets. The purchase remains subject to finalizing the purchase agreement and approval of the United States Bankruptcy Court for the District of Delaware administering Virgin Orbit\u2019s Chapter 11 bankruptcy cases and other customary closing conditions.<\/p>\n<p>The combination of these assets with Rocket Lab\u2019s existing production, manufacturing, and test capabilities is expected to advance the production of Rocket Lab\u2019s larger launch vehicle, Neutron. Rocket Lab will not be integrating Virgin Orbit\u2019s launch system within its existing launch services.<\/p>\n<p>Rocket Lab CEO and Founder, Peter Beck, says: \u201cRocket Lab is a global industry leader in launch, and our new, larger rocket Neutron will bring added reliability, reusability, and innovation to the launch sector. With Neutron\u2019s design and development well-advanced, this transaction represents a capital expenditure savings opportunity to augment our production capability to bring Neutron to the launch pad quickly to serve our customers and their future success. Securing the lease to the Conant Facility adds to our existing presence in Long Beach and provides co-located engineering, manufacturing, and test capabilities for our Neutron team.\u201d<\/p>\n<p><strong>Click Here to Learn More About Rocket Lab&#8217;s Neutron Launcher Rocket.<\/strong><\/p>\n<p style=\"text-align: center;\"><span class=\"fr-video fr-deletable fr-fvc fr-dvb fr-draggable\" contenteditable=\"false\" draggable=\"true\"><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/bsUxlVh6b8Q?&amp;wmode=opaque\" frameborder=\"0\" allowfullscreen=\"\" class=\"fr-draggable\"><\/iframe><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rocket Lab USA, a launch and space systems company, announced it has been selected as a successful bidder and is finalizing an asset purchase agreement for the purchase of certain Long Beach California aerospace production and manufacturing assets from Virgin Orbit Holdings, Inc. and certain of its subsidiaries in Virgin Orbit\u2019s Chapter 11 bankruptcy auction. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[26,25,54],"class_list":["post-8561","post","type-post","status-publish","format-standard","hentry","category-news","tag-ground","tag-launch","tag-launch-vehicle-platforms"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/8561"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=8561"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/8561\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=8561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=8561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=8561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}