Another aerospace company will land at the Port of Long Beach, bolstering the city’s growing reputation – and the region’s continuing legacy – as a hub for space technology companies.
The Long Beach Harbor Board of Commissioners approved an agreement Thursday, October 28 to allow ABL Space Systems to build a spacecraft processing facility in the Port of Long Beach and use the waterfront area to deliver and ship its cargo.
âWe welcome ABL Space Systems to the Port of Long Beach family. It’s exciting to add another tenant in the rapidly growing spacecraft technology industry, âLong Beach Port Commission Chairman Steven Neal said in a statement. âWe look forward to what we know to be a mutually beneficial relationship with our new tenant. “
ABL Space Systems is based in El Segundo and builds rockets, its website reads. The company will take 8.06 acres of land and 1.31 acres of submerged land back from Navy Mole on the port’s T Jetty, the statement said. The Navy Mole is an artificial peninsula, which was once part of the Long Beach Naval Base.
The company signed a five-year lease with the port, which will include warehouse, manufacturing and office space that was already on the property, previously occupied by Sea Launch, a now defunct aerospace company. ABL Space Systems will pay $ 100,275 per month for the first three months, according to the lease. After that, the rent will drop to $ 200,550.
ABL Space Systems will use the location for vehicle processing, payload integration and maritime operations that support the company’s global network of launch facilities, the statement said.
âThis site is highly strategic for our growth,â said Harry O’Hanley, CEO of ABL Space Systems, in a statement. âMaritime operations are essential to develop our global launch capabilities. We will also be reactivating the old Sea Launch payload processing facility to handle spacecraft of almost any size. “
The move comes five months after Hawthorne-based Space X also leased land at the Port of Long Beach. Space X uses its space for rocket recovery operations.
Other space technology companies have also moved to Long Beach in recent years. Virgin Orbit and Rocket Lab have all planted their flags in the city, taking advantage of the open space offered by the port and airport areas. The city, of course, also has a long history with Boeing.
The city’s growing role in this 21st century space race has led some to dub the coastal metropolis âSpace Beachâ as these new businesses create new, well-paying jobs.
This growing reputation was underscored earlier this month when thousands of aerospace industry professionals, government officials and academics converged on Long Beach for a trade show.