NasdaqCM:RKLBAerospace & Defense
Rocket Lab Balances Record SDA Contract With Mars Program Setback
Rocket Lab (NasdaqCM:RKLB) has secured an $816 million multi year contract with the U.S. Space Development Agency to design and build missile defense satellites.
The award is described as the largest contract in the company’s history and is expected to support a significant expansion of its satellite manufacturing activities.
In contrast, the cancellation of NASA’s Mars Sample Return project has removed a potential avenue of future work that Rocket Lab had been targeting.
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