Rocket Lab Lands $90 Million US Space Force Deal
$Rocket Lab (RKLB.US)$shares are up during Friday's premarket session after the company was awarded a $90 million contract by the U.S. Space Force's Space Systems Command to design and manufacture two geostationary satellites.
This contract marks Rocket Lab's first entry into satellite production for geostationary orbit. The deal expands Rocket Lab's capabilities in the space domain awareness sector for monitoring space objects.
Rocket Lab Wins U.S. Space Force GEO Satellite Contract
The contract will involve spacecraft assembly, integration, and testing at Rocket Lab's Long Beach, California, facility, with mission operations conducted from its own sites.
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