Pima County Government Logo
  • Increase font size
  • Decrease font size
  • Print
  • RSS
  • Pima County, Vector Space Systems to sign economic development agreement

    Oct 12, 2016 | Read More News
    Share this page
    vector space
    vector spacePima County and Tucson-based Vector Space Systems are negotiating an agreement for the company to relocate to the County’s Aerospace, Defense and Technology Business & Research Park. 

    Vector Space Systems, a micro satellite space launch company, and the county formally announced the agreement at a press conference Oct. 13 at the Arizona Technology Council Expo held at the Tucson Convention Center, 260 S. Church Ave. 

    Vector Space will move to a new manufacturing and headquarters facility on leased-land in the aerospace park south of Raytheon and the Aerospace Parkway. The building will be developed as part of a third-party public-private partnership opportunity. Additionally, the County will provide assistance in hiring and potentially training new Vector manufacturing and headquarters employees.

    Vector Space has agreed to add 200 jobs over three years at an average $70,000 annual salary. An economic impact analysis conducted by Applied Economics at the request of Sun Corridor Inc., shows the company’s expansion is expected to have an estimated $290 million total economic impact on the local economy over five years. 

    The study also predicts that about 90 other indirect jobs will be created as a result of Vector Space’s expansion, and the construction of the manufacturing facility is expected to generate an estimated 58 temporary construction-related jobs. 

    Vector Space Systems leadership is comprised of new-space industry veterans from SpaceX, Virgin Galactic, McDonnell Douglas and Sea Launch. Although technically a new company, in July it completed acquisition of long-established Garvey Spacecraft, which has millions of dollars in existing launch contracts. Vector announced in August that it signed a 21-launch agreement with a Finnish satellite imagery company. 

    Vector Space Systems describes itself as: “[A] disruptive innovator that connects space startups and innovators with affordable and reliable space access. Vector has a big vision to reshape the multi-billion dollar launch market … to dramatically increase access and speed to orbit.


    Return to Pima County FYI