Pentagon Awards Rocket Lab $266 Million for Suborbital Launches
The firm-fixed-price deal covers 12 launches, with six more optional, and funds hypersonic weapons testing through 2028, officials said.
- On Wednesday, the U.S. Space Systems Command awarded Rocket Lab a $266 million contract for 12 suborbital launches through December 31, 2028, conducted from the Pacific Spaceport Complex in Alaska.
- The contract utilizes the Hypersonic Accelerator Suborbital Test Electron rocket, shifting testing from Launch Complex 2 in Virginia to a Pacific-facing corridor for tracking flight paths over open ocean.
- As a firm-fixed-price completion contract, the deal obligates $112 million in fiscal 2025 funding at award, emerging from a competitive process in which three companies submitted offers.
- This award follows Rocket Lab's recent selection alongside SpaceX for the National Security Space Launch Phase 3 Lane 1 program, a $17 billion initiative for national security launches.
- Rocket Lab shares jumped 9% in after-hours trading following the announcement, while the company will release second-quarter 2026 financial results on August 10 amid Neutron launch vehicle development.
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15 Articles
Cambridge Times
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Pentagon awards Rocket Lab $266 million for suborbital launches
The Pentagon’s Space Systems Command awarded Rocket Lab USA a $266 million contract for suborbital launch services, according to a Department of War contract announcement, covering 12 confirmed launches with an option for six more, all to be conducted from the Pacific Spaceport Complex on Kodiak Island, Alaska, through the end of 2028. The contract […]
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