Rocket Lab Selected by Kratos to Deliver Hypersonic Test Launches for DoD with HASTE Rocket
08 January 2025 - 8:30AM
Business Wire
Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the
Company”), a global leader in launch services and space systems,
today announced it has been selected to be a member of the team,
led by Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS)
(“Kratos”), awarded a five-year OTA contract for the Multi-Service
Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0 under Task
Area 1. The total potential value of the MACH-TB 2.0 Contract Award
over a five-year period is $1.45 billion. The Office of the Under
Secretary of Defense for Research and Engineering (OUSD (R&E))
Test Resource Management Center (TRMC) established MACH-TB to
support OUSD’s National Hypersonic Initiative 2.0 by creating an
affordable flight test bed to rapidly increase hypersonic flight
test capacity. MACH-TB 2.0 will provide an affordable bridge
between hypersonic ground tests and system level flight tests.
Kratos was awarded the prime role in Task Area 1 Systems
Engineering, Integration, and Testing (SEIT), to include integrated
subscale, full-scale, and air launch services to address the need
to affordably increase hypersonic flight test cadence. Rocket Lab
will join the Kratos-led team of subcontractors that will provide
systems engineering, assembly, integration, and test (AI&T),
mission planning and execution, and launch services.
Rocket Lab has already served the MACH-TB program, delivering
multiple successful hypersonic test launches with the Company’s
HASTE (Hypersonic Accelerator Suborbital Test Electron) rocket from
Rocket Lab’s Launch Complex 2 in Wallops, Virginia. HASTE is a
suborbital variant of Rocket Lab’s Electron launch vehicle, which
is the United States’ second most frequently launched orbital
rocket annually.
HASTE includes much of the same innovative technology as
Electron, including carbon fiber composite structures and 3D
printed rocket engines, but has a modified upper Kick Stage
tailored for hypersonic technology tests and a larger payload
capacity of up to 700 kg / 1,540 lbs. Combined, Rocket Lab’s HASTE
and Electron launch vehicles have deployed 200+ payloads from its
United States and New Zealand launch sites to date.
Rocket Lab’s Vice President Global Launch Services, Brian
Rogers, says: “We’re thrilled to be part of the Kratos-led team for
the next iteration of the MACH-TB program and ready to serve the
U.S. Department of Defense with even more high-cadence hypersonic
technology with our HASTE launch vehicle. Our demonstrated ability
to date to deliver successful HASTE launches that test these new
technologies is testament to our dedication in advancing hypersonic
innovation for the nation alongside our government and industry
partners.”
+ About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with
an established track record of mission success. We deliver reliable
launch services, satellite manufacture, spacecraft components, and
on-orbit management solutions that make it faster, easier, and more
affordable to access space. Headquartered in Long Beach,
California, Rocket Lab designs and manufactures the Electron small
orbital launch vehicle, a family of flight proven spacecraft, and
the Company is developing the large Neutron launch vehicle for
constellation deployment. Since its first orbital launch in January
2018, Rocket Lab’s Electron launch vehicle has become the second
most frequently launched U.S. rocket annually and has delivered
200+ satellites to orbit for private and public sector
organizations, enabling operations in national security, scientific
research, space debris mitigation, Earth observation, climate
monitoring, and communications. Rocket Lab’s family of spacecraft
have been selected to support NASA missions to the Moon and Mars,
as well as the first private commercial mission to Venus. Rocket
Lab has three launch pads at two launch sites, including two launch
pads at a private orbital launch site located in New Zealand and a
third launch pad in Virginia. To learn more, visit
www.rocketlabusa.com.
+ Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward looking statements contained
in Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). All statements contained in
this press release other than statements of historical fact,
including, without limitation, statements regarding our launch and
space systems operations, launch schedule and window, safe and
repeatable access to space, Neutron development, operational
expansion and business strategy are forward-looking statements. The
words “believe,” “may,” “will,” “estimate,” “potential,”
“continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,”
“could,” “would,” “project,” “plan,” “target,” and similar
expressions are intended to identify forward-looking statements,
though not all forward-looking statements use these words or
expressions. These statements are neither promises nor guarantees,
but involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including but not limited to the
factors, risks and uncertainties included in our Annual Report on
Form 10-K for the fiscal year ended December 31, 2023, as such
factors may be updated from time to time in our other filings with
the Securities and Exchange Commission (the “SEC”), accessible on
the SEC’s website at www.sec.gov and the Investor Relations section
of our website at www.rocketlabusa.com, which could cause our
actual results to differ materially from those indicated by the
forward-looking statements made in this press release. Any such
forward-looking statements represent management’s estimates as of
the date of this press release. While we may elect to update such
forward-looking statements at some point in the future, we disclaim
any obligation to do so, even if subsequent events cause our views
to change.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250107239724/en/
+ Rocket Lab Media Contact Murielle Baker
media@rocketlabusa.com
Rocket Lab USA (NASDAQ:RKLB)
Historical Stock Chart
From Dec 2024 to Jan 2025
Rocket Lab USA (NASDAQ:RKLB)
Historical Stock Chart
From Jan 2024 to Jan 2025