Rocket Lab USA Inc (NASDAQ:RKLB) shares are rising in Monday’s after-hours session after the company announced it was onramped to two separate multi-billion dollar defense contracts.
What Happened: Rocket Lab announced that it was selected to provide hypersonic test launch capabilities with its Hypersonic Accelerator Suborbital Test Electron (HASTE) launch vehicle in two multi-billion dollar government development programs in the U.S. and U.K.
The U.S. Air Force selected Rocket Lab to participate in its $46 billion Enterprise-Wide Agile Acquisition contract designed for the rapid acquisition of innovative technologies, engineering services and technical solutions. The program has a …Full story available on Benzinga.com
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