WASHINGTON (Reuters) - Lockheed Martin Corp said on Monday it had made a strategic investment in the U.S. unit of New Zealand's Rocket Lab, which is building a carbon-composite rocket, the Electron, to launch small satellites into orbit for less than $5 million.
Lockheed spokesman Matt Kramer didn't say how big the investment was, but said the company saw potential applications for Rocket Lab's technologies light lift, hypersonic flight technologies and low-cost flight testing.
20:32 Foxconn CEO Says Investment for Display Plant in U.S. Would Exceed $7 Billion16
10:28 United flights delayed after computer glitch grounds US planes16
02:31 United Airlines Domestic Flights Grounded for 2 Hours by Computer Outage6
01:33 Computer glitch grounds domestic United Airlines flights17