Rocket Lab Just Won Another Massive Government Contract

Rocket Lab secured a $397 million Space Force contract to build, launch, and operate military satellites under the SB-AMTI program, marking its largest defense award this year. The contract is fixed-price and heavily dependent on the successful development and launch of Rocket Lab's Neutron rocket, which has faced multiple delays and is scheduled for Q4 launch. While the award demonstrates growing Pentagon confidence alongside SpaceX, cost overruns would directly impact Rocket Lab's profitability.