Lawmakers welcome Biden administration officials to highlight expansion of Albuquerque-based SolAero
July 14, 2024
U.S. Sens. Martin Heinrich, D-N.M., and Ben Ray Luján, D-N.M., and U.S. Rep. Melanie Stansbury, D-N.M., along with Gov. Michelle Lujan Grisham and Albuquerque Mayor Tim Keller, will be joined by U.S. Deputy Secretary of Commerce Don Graves and White House CHIPS Coordinator Ryan Harper in New Mexico on July 15 to highlight how the latest $24 million investment from the CHIPS and Science Act will further solidify New Mexico’s role as a leader in advanced manufacturing and create over 100 direct manufacturing jobs in Albuquerque.
In June, the U.S. Department of Commerce and SolAero by Rocket Lab — an Albuquerque-based manufacturing company — agreed to preliminary terms for a $23.9 million investment, which would enable SolAero to increase its production of compound semiconductors for spacecraft and satellites, as part of an expansion and modernization of their facility in Albuquerque.