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FIREFLY AEROSPACE EXPECTED TO SECURE $110 MILLION US EXIM LOAN

  • NEWS Desk Global
  • Jun 24
  • 1 min read

Rocket and spacecraft maker Firefly Aerospace is expected to secure a $110 million U.S. Export-Import Bank (EXIM) loan that would help fund the company's ​expansion of spacecraft production facilities in Texas, according to a document ‌reviewed by Reuters.

The bank's three board members are poised for a Tuesday morning vote on the loan, which is part of an EXIM initiative to help U.S. firms compete globally ​with foreign companies in artificial intelligence, space and other areas, according to ​the document.

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