Rocket Lab has secured a $266 million contract with the United States military for 12 suborbital launches, marking the largest deal in the New Zealand-founded aerospace company’s history. According to the company, the United States Space Force awarded the agreement, which also includes options for up to six additional launches under the military’s Systems rocket systems launch program.
United States Space Force Awards Launch Program
The multi-launch agreement will utilize Rocket Lab’s new facility in Kodiak, Alaska, for the majority of its flight operations. Operations are scheduled to begin with the first launch near the end of the year, according to company statements. The flight series aims to support frequent and responsive delivery schedules.
“Cadence, iteration, and relentless execution are essential to maturing America’s missile defence capabilities, and that’s exactly what we bring with launch leadership,” Rocket Lab founder and chief executive officer Sir Peter Beck stated in an announcement. Beck added that the scale of the contract demonstrates the Space Force’s confidence in the firm’s capacity to address urgent national security demands.
Share Price Jumps Following Defense Sector Expansion
Investors responded strongly to the defense contract announcement, pushing Rocket Lab’s share price up nearly 5% following the news. The defense sector expansion builds on a series of major government agreements secured by the aerospace manufacturer over recent months.
In March, according to company disclosures, Rocket Lab secured a $190 million contract with the United States Department of War to provide a block buy of 20 hypersonic test flights utilizing its HASTE launch vehicle. Furthermore, the company agreed to acquire satellite communications firm Iridium in June through a transaction valued at approximately $8 billion, significantly expanding its footprint in orbital infrastructure.
Did you know?
Rocket Lab’s recent $266 million contract with the United States Space Force represents the largest procurement deal in the company’s corporate history.
Frequently Asked Questions
What is the total value of the new Rocket Lab contract?
The contract is valued at $266 million (approximately NZ$460 million), awarded by the United States Space Force.
Where will the suborbital launches take place?
The majority of the launches will take off from Rocket Lab’s facility located in Kodiak, Alaska.
How many launches are included in the agreement?
The agreement covers 12 suborbital launches, with options for up to six additional launches under the Space Force program.
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