Rocket Lab Secures $266 Million Contract with U.S. Space Force
Rocket Lab (RKLB) has secured its largest contract to date, a $266 million agreement with the U.S. Space Force for missile defense testing. The deal involves conducting up to 18 suborbital launches over three years from Alaska's Pacific Spaceport Complex. This marks a significant milestone as Rocket Lab looks to expand beyond commercial satellite services into national security applications. The contract is expected to provide predictable, high-margin revenue through the end of 2028 and could support future capital expenditures for scaling up operations, including its Neutron rocket program. Despite recent stock underperformance—losing over 55% in two months—the deal has triggered a rally as investors view it favorably. Analysts remain optimistic about Rocket Lab's prospects with a