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Rocket Lab Secures $515m Satellite Contract, Solidifying Its Position as a Leading Supplier

Alex by Alex
January 10, 2024
Reading Time: 1 min read
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Rocket Lab Secures $515m Satellite Contract, Solidifying Its Position as a Leading Supplier

Rocket Lab has secured a $515 million Pentagon contract to build 18 data-transport satellites as part of the Proliferated Warfighter Space Architecture. The company will build the satellites and subsystems in Long Beach, California and integrate a payload supplied by an unnamed company. Rocket Lab’s Tranche 2 satellites, part of the planned network of military satellites, will launch by July 2027. This major contract firmly establishes Rocket Lab as a leading satellite prime contractor for the Department of Defense.

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In addition to the military-satellite market, Rocket Lab is also a dominant player in the space launch market. The company is three years into developing a reusable medium-lift rocket called Neutron and aims to pitch it for the Pentagon’s next launch competition. Beck said they will “certainly” put Neutron forward as a potential launch provider for the SDA satellites. This contract is a “generational growth opportunity” for Rocket Lab and “firmly puts us in the same peer group as much larger, more established government primes,” Spice said.

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