Particle.news

Download on the App Store

Rocket Lab Secures Major U.S. and U.K. Defense Contracts for Hypersonic Launch Technology

The company will provide hypersonic test launch capabilities under multi-billion dollar programs, bolstering its defense sector footprint.

Overview

  • Rocket Lab has been selected to support hypersonic test launches for the U.S. Air Force and U.K. Ministry of Defence using its HASTE vehicle.
  • The U.S. Air Force awarded Rocket Lab a role in its $46 billion Enterprise-Wide Agile Acquisition contract, which runs through 2031.
  • The U.K. Ministry of Defence included Rocket Lab in a $1.3 billion framework to accelerate advanced hypersonic technology development.
  • Rocket Lab plans to pursue additional contracts and task orders leveraging its HASTE platform and other engineering and design services.
  • Following the announcements, Rocket Lab's stock surged, rising 13.4% to $21.69 as of Tuesday afternoon trading.

Loading Articles...

Loading Quotes...