Vector rocket hardware can be seen in this undated file photo. The Tucson, Arizona, company announced Aug. 9 it was suspending operations and replacing its chief executive amid funding problems.

Small launch vehicle company Vector filed for Chapter 11 bankruptcy Dec. 13 as part of an agreement that could see some of its satellite technology assets sold to Lockheed Martin.

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Jeff Foust has more than a decade of experience writing about space policy, entrepreneurial ventures and regulatory affairs. In 2001, he established spacetoday.net to aggregate and summarize the day's space-related news stories. In 2003, he started The...