Tech and AIRocket Lab wins another defense-related space contract

Rocket Lab wins another defense-related space contract

-


Rocket Lab has won an $816 million contract — its largest to date — with the U.S. Space Development Agency as the company continues to diversify beyond its “rocket company” label.

The company said Friday that its subsidiary, Rocket Lab USA, was awarded a prime contract by the Space Development Agency (SDA) to design and manufacture 18 satellites. The satellites will be equipped with advanced missile warning, tracking, and defense sensors for the agency’s Tracking Layer Tranche 3 program.

This contract is separate from an existing $515 million award to deliver satellites for the SDA’s Transport Layer-Beta Tranche 2 program. That program aims to provide a satellite communications network in low Earth orbit that sends encrypted, low-latency data to the military.

Together, Rocket Lab has SDA contracts valued at more than $1.3 billion.

Rocket Lab has expanded into defense and has more recently said it would bid for multibillion-dollar Department of Defense initiatives like Golden Dome.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Stablecoin Liquidity Rises as Crypto Assets Resist Pressure From Escalating War Tensions

As geopolitical tensions rise, more users are going on-chain in search of cross-border liquidity, which is boosting stablecoin...

Largest BNB treasury crashes 95%, blames CZ family office

Shares of CEA Industries had already lost 98% of their 2018 peak by the time it pivoted into...

Nvidia’s version of OpenClaw could solve its biggest problem: security

Nvidia CEO Jensen Huang thinks every company should have an OpenClaw strategy. And Nvidia is here to provide...

Robert Kiyosaki Predicts Bitcoin $750K, Ethereum $95K After Global Financial Crash

Robert Kiyosaki warns a massive asset bubble could soon burst, predicting an unprecedented market collapse that may propel...

Advertisement

Lido’s community staking module sharpens its edge with DVT clusters

Lido’s new IDVTC design lets verified...

ZachXBT exposes group of alleged Axiom insider traders

Crypto sleuth ZachXBT suggested that his Axiom investigation may lead to legal proceedings against the alleged insider trading...

Must read

Stablecoin Liquidity Rises as Crypto Assets Resist Pressure From Escalating War Tensions

As geopolitical tensions rise, more users are going...

Largest BNB treasury crashes 95%, blames CZ family office

Shares of CEA Industries had already lost 98%...

You might also likeRELATED
Recommended to you