Rocket Lab USA Inc (NASDAQ:RKLB) shares are trading higher Tuesday. The company was awarded a launch contract by the U.S. Space Force this week.
What Happened: Rocket Lab on Monday said it was awarded a $14.49 million task order by the U.S. Space Force to launch an Electron mission from Launch Complex 2.
The mission, called Space Test Program-30, falls under the Space Systems Command Assured Access to Space organization and is part of Orbital Services Program-4. It aims to deliver research experiments and technology demonstrations to orbit for the DoD and contribute to future space systems development. The mission is scheduled to take place within 24 months.
“Flexible, responsive, and reliable launch is critical to ensuring resilient space capabilities for the nation and we’re ...