Benzinga | Oct 12, 2021 12:06PM EDT

Rocket Lab Completes Acquisition Of Space Software Company Advanced Solutions

* Rocket Lab USA Inc (NASDAQ:RKLB) completed the acquisition of Advanced Solutions, Inc. (ASI) for $40 million-plus the potential for an additional $5.5 million performance earnout based on CY 2021 results.

* Advanced Solutions is a Colorado-based aerospace engineering firm that delivers mission-proven space software, mission simulation, test systems, and Guidance, Navigation, and Control (GNC) solutions.

* ASI's advances in-flight software, mission simulation, and GNC strengthen Rocket Lab's Space Systems portfolio.

* ASI's team of about 60 people will continue to be led by John Cuseo in Colorado.

* Price Action: RKLB shares traded lower by 0.14% at $14.03 on the last check Tuesday.