$397M Space Force Contract for Flatellite Constellation Awarded to Rocket Lab
RKLB sits 97% above its 52-week low of $37.57.
Summary
Rocket Lab won a $397 million contract from the U.S. Space Force to build and launch Flatellites for the Space-Based Airborne Moving Target Indicator (SB-AMTI) program. The deal covers development, launch on the upcoming Neutron rocket, and operation of multiple advanced flat satellites with space-based sensors and low-latency communications. An option for additional satellites is included in the total value. This is a significant defense win that validates Rocket Lab's vertical integration strategy—combining satellite manufacturing, launch, and mission operations—and adds to a growing backlog that already includes a record Q1 and a major confidential launch contract. The contract strengthens the company's position as a key national security space partner and provides a high-visibility reference for future defense work.
Updates
· dpa-AFX — Shares closed up 5.75% on the news.
At the time of this announcement, RKLB was trading at $73.88 on NASDAQ in the Technology sector, with a market capitalization of approximately $44.6B. The 52-week trading range was $37.57 to $151.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.