Rocket Lab (RKLB) Reaches A $515M Contract With U.S. Government

Rocket Lab (RKLB) reaches a $515M contract with the U.S. government. Rocket Lab will design, build, and operate 18 satellites for an undisclosed U.S. agency. Work will begin immediately with delivery slated for 2027. George Tsilis discusses this story as a Citi analyst notes that they believe this will be for a communications mission given the cost per satellite. The analyst notes that the contract more than doubles its space systems backlog. Tune in to find out more about the stock market today.