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The competition heats up: Vector Space Systems has decided to build a rocket manufacturing facility in Tucson.
The Tucson-based company is expected to create 200 jobs locally within three years of beginning operations, at an average annual salary of $70,000. It could employ as many as 500 people within five years as production ramps up, said its co-founder and CEO, Jim Cantrell. Vector plans to invest roughly $19 million during the first three years, and possibly as much as $50 million over the next 15 years, according to Pima County officials. The total direct economic impact of the facility could be $290 million over five years, says an analysis by Phoenix-based Applied Economics completed for Sun Corridor Inc., the local economic-development agency. The company plans to build 36,000 square feet of office space and another 40,000 square feet for manufacturing south of Tucson International Airport.
The company already has several million in smallsat launch contracts, plus options for $160 million more once they begin producing rockets.