Rocket Lab begins manufacturing eight military satellites under contract
Rocket Lab has confirmed that eight of eighteen satellites for the United States Space Development Agency are now in production under a contract valued at 515 million dollars.
FTMQ Space, written by our newsroom0 views
Rocket Lab announced that eight of eighteen uncrewed spacecraft for the United States Space Development Agency are currently in production, ad-hoc-news.de and BigGo Finance reported. The update details manufacturing progress at the company under an existing military program valued at 515 million dollars. According to ad-hoc-news.de, the company presented the production status to shareholders to document work on an existing contract rather than the award of a new one. [1][4]
The manufacturing work is taking place on a Long Beach factory floor, according to Hoodline. Stocktwits and BigGo Finance both report that eight of the eighteen spacecraft have entered the build phase as part of the military satellite push. Ad-hoc-news.de noted that this disclosure sits as an operational milestone for the company, reflecting satellite assembly progress rather than final program delivery or handover. [1][4][5][6]
Rocket Lab operates commercial infrastructure including Rocket Lab Launch Complex 1, located close to Ahuriri Point at the southern tip of the Māhia Peninsula in New Zealand. The spaceport officially opened on 26 September 2016 and supports orbital launches of the company's Electron rocket for small satellites. [8]
The operational update highlights Rocket Lab's work as a satellite manufacturer alongside its primary launch service activities, ad-hoc-news.de reported. Shares in the company rose following the manufacturing announcements and progress updates on its hardware programs, according to reports from Benzinga and Stocktwits. [1][6][7]
In short
- Eight of eighteen satellites for the Space Development Agency are in production.
- The military satellite program is valued at 515 million dollars.
- The satellite manufacturing is located at Rocket Lab's facility in Long Beach.
- Rocket Lab operates Launch Complex 1 on the Māhia Peninsula in New Zealand.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Rocket Lab's Eight Satellites in Build Tell Investors What a Launch Cannotad-hoc-news.de, 10h ago (the report this story comes from)
- [2]Rocket Lab Corporation (RKLB) stock price, news, quote and historyYahoo Finance UK, 17h ago
- [3]Rocket Lab Corporation (RKLB) Stock Price, News, Quote & HistoryYahoo! Finance Canada, 1d ago
- [4]Rocket Lab's $515 Million Military Satellite Order Hits the Factory Floor as 8 of 18 Spacecraft Enter BuildBigGo Finance, 1d ago
- [5]Long Beach Factory Floor Now Holds 8 of Rocket Lab's 18 Military SatellitesHoodline, 6h ago
- [6]RKLB Stock Climbs Overnight: Rocket Lab Touts $515M Military Push — 8 Of 18 Satellites In ProductionStocktwits, 2d ago
- [7]Rocket Lab Shares Rise After Hours as Neutron Advances - Rocket Lab (NASDAQ:RKLB)Benzinga, 1d ago
Background
- [8]Rocket Lab Launch Complex 1 on Wikipedia
- [9]Nebius Group on Wikipedia
- [10]SpaceX on Wikipedia
Our newsroom writes these reports with the help of software, from the 10 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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