TUCSON, Ariz. — After declaring bankruptcy and laying off 150 employees in 2019, micro-satellite launch company Vector Launch Inc. will remain in Tucson.
TLS Bidco purchases Vector Launch assets and will establish the Tucson location as a sister company to Menlo Park, Calif.-based Q Networks.
"We actually came to Tucson to close up shop, so to speak, and move the assets out of Southern Arizona," said Rob Spalding, acting CEO of Vector Launch, in a statement. "However, we were introduced to Sun Corridor Inc. who convinced us that Tucson has the right workforce and talent in order for us to stay. We are committed to manufacturing jobs in the U.S., and it's clear we have a strong path forward in Tucson."
The company will remain at 350 South Toole Ave.
“Tucson is a great location for emerging space technologies like Vector Launch,” said Joe Snell, president & CEO, Sun Corridor Inc., in a statement. "This is a true business retention success story. - we demonstrated to Rob and his team that we have the right talent for their needs. Vector had been an integral part of the space cluster of companies here, who rely on each other for talent and future growth of the whole industry. We want Vector to stay here for the long term."