HASTE launch platform
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Rocket Lab (RKLB) Rated Buy on $190M Defense Contract
Yahoo Finance· 2026-03-31 08:46
Group 1 - Rocket Lab Corporation (NASDAQ:RKLB) has signed a $190 million contract for 20 hypersonic test flights, marking its largest launch arrangement to date [1] - The contract is part of the US Department of War's Multi-Service Advanced Capability Hypersonic Test Bed 2.0 program [1] - Since 2023, Rocket Lab has achieved a 100% mission fulfillment rate for its HASTE launches, which operate at speeds exceeding Mach 5 [2] Group 2 - Clear Street has initiated coverage of Rocket Lab with a Buy rating and a price target of $88, highlighting the company's vertically integrated architecture as a competitive edge against industry leader SpaceX [2] - Rocket Lab provides launch services and space systems solutions in the US, Canada, Japan, and internationally, operating through launch services and space systems segments [3]