Vector Elects Former Northrop Grumman CFO and Boeing Capital Corporation President James F. Palmer to Board of Directors

TUCSON, Ariz., Oct. 1, 2018 /PRNewswire/ -- Vector, a microsatellite launch company comprised of New Space and enterprise software industry veterans from SpaceX, Virgin Galactic, McDonnell Douglas, Boeing, Sea Launch and VMware, today announced that James (Jim) F. Palmer, the former corporate vice president and chief financial officer of the Northrop Grumman Corporation, has been elected to Vector's Board of Directors.

A respected veteran of the aerospace community, Palmer brings with him more than 45 years of financial experience, including CFO positions at three Fortune 500 companies, and spanning large corporations such as Northrop Grumman Corporation, Visteon, Boeing Capital Corporation, a subsidiary of The Boeing Company, and McDonnell Douglas Corporation.

"Vector continually looks to add senior talent to our staff, advisors and our board of directors. The opportunity to bring on a new director like Jim with a long career at the executive level of the aerospace industry, was one we couldn't pass up," said Jim Cantrell, CEO of Vector. "Jim's vast experience managing and efficiently deploying capital as a CFO in his long career at Northrop, Boeing and Visteon made him an ideal match for Vector's current growth phase as we enter sustained flight operations and work to become a dominant launch service provider."

"Since its founding in 2016, Vector has proven itself to be a pioneer in the small satellite launch industry, both in its technological innovations and radical approach to the market," said Jim Palmer, member of the Vector board of directors. "I'm very pleased to join the Vector board and look forward to contributing a new perspective to such a fast-growing company."

Palmer will join other members of Vector's board of directors, which includes William Coughran from Sequoia Capital, as well as Jim Cantrell, John Garvey and Shaun Coleman from Vector.

About Vector

Founded by the original founding team of SpaceX, Vector is a disruptive company that connects space startups and innovators with dedicated, affordable and reliable launch services, enabling platforms and vehicles to access space efficiently and in a more optimized way than ever before possible. For more information, visit http://www.vector-launch.com

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SOURCE Vector