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【The US Department of Commerce is finalizing nearly $60 million in subsidies to BAE Systems and Rocket Lab】The US Department of Commerce said on Monday that it is finalizing government subsidies of nearly 60 million dollars to BAE Systems and Rocket Lab. Among them, the US Department of Defense will provide $35.5 million to BAE to quadruple its production of key semiconductor chips in New Hampshire, which will be used in F-35 fighter jets and commercial satellites. The Commerce Department said the investment would cut the company's planned modernization schedule in half. The Pentagon plans to spend $1.7 trillion on the F-35 project, including the purchase of 2,500 aircraft over the next few decades. The US Department of Commerce is also finalizing a $23.9 million investment into Rocket Lab's Solaero Technologies Corp., which will increase the company's solar cell production by 50% over the next three years.
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