Rocket Lab USA Inc.New $397M Space Force contract and successful launch boost demand for Rocket Lab's services.

Rocket Lab stock jumped 9.5% on Friday after the company announced a new $397 million U.S. Space Force contract and completed its 92nd successful Electron rocket launch. The Space Force award, under the Space-Based Airborne Moving Target Indicator program, tasks Rocket Lab with building, launching, and operating a constellation of flat satellites. The Electron launch from New Zealand carried a single satellite for a Japanese Earth-imaging company, with 10 more dedicated missions booked for that customer before 2030. Rocket Lab has previously secured $816 million from the Space Development Agency for 18 missile-tracking satellites and a $266 million deal for suborbital missile-defense launches.
Rocket Lab USA Inc.New $397M Space Force contract and successful launch boost demand for Rocket Lab's services.