Boeing officials say the company has picked up work on a new Air Force space effort and additional work under its long-standing contract to build Global Positioning System satellites. The new work involves defining the next-generation communications payload for a polar-orbiting satellite under a $1.5 million Air Force contract. For the GPS program, Boeing will build three more Block IIF satellites under a $138 million option.
The Pentagon's Office of Strategic Capital is giving a $150 million conditional loan to Rocket Lab meant to increase the launch rate for its new reusable Neutron rocket, which is slated for its first flight next year.