U.S. Air Force Taps Rocket Lab to Sell It 12 Hypersonic Missiles for $266 Million. Here's What Investors Need to Know.

Rocket Lab has been awarded a $266 million contract by the Space Force to conduct 12 to 18 hypersonic missile test launches under the Rocket Systems Launch Program. This contract, combined with previous missile defense satellite contracts totaling over $1 billion, signals Rocket Lab's transition from a commercial space launch company to a defense contractor focused on developing hypersonic missile defense capabilities against Russian and Chinese threats.