Rocket Lab to join satellite payload segment

Rocket Lab to join satellite payload segment
(Image: Getty)
Staff reporters
Rocket Lab says it will acquire the parent holding company of a US national security satellite provider for US$275 million (NZ$462m).It said the deal marked its formal entry into the satellite payload segment.Rocket Lab announced that it would acquire the parent holding company of Geost, an Arizona-based electro-optical and infrared payload development and manufacturing company.Geost delivered sensor systems for missile warning and tracking, tactical intelligence, surveillance, and reconnaissance.The acquisition is expected to close in the seco...