Rocket Lab USA, Inc. entered into an agreement to acquire Planetary Systems Corp. for $80.5 million on November 15, 2021. The transaction consideration is $42 million in cash and 1,720,841 shares of the Company's common stock, plus the potential for an additional 956,023 shares of common stock for a performance earnout based on PSC's CY 2022 and 2023 financial results. PSC's team of 25 people will continue to be led by the company's President and Chief Executive Officer Mike Whalen in Maryland, with founder Walter Holemans also remaining in his role of Chief Engineer. The Board of Directors of Planetary Systems and Rocket Lab have unanimously approved the execution, delivery, and performance of this Agreement and the consummation of the transaction. The acquisition is expected to close in the fourth quarter of 2021. DLA Piper LLP acted as legal advisor to Rocket Lab USA, Inc. Doug Granger of Hunton Andrews Kurth LLP acted as legal advisor to Planetary Systems Corp.

Rocket Lab USA, Inc. completed the acquisition of Planetary Systems Corp. for $80.5 million on November 30, 2021.