Rocket Lab USA (RKLB) Earnings Call Presentation

Acquisition Overview - Rocket Lab is acquiring GEOST LLC to enhance integrated capabilities across launch, spacecraft, and payloads[5] - The acquisition aims to position Rocket Lab as a disruptive prime contractor for U S national security missions[5] - This creates a new category of offering – Optical Systems – within Rocket Lab's vertically integrated, end-to-end solutions[5] Strategic Rationale - The acquisition unlocks core capabilities for national security programs, positioning Rocket Lab for next-generation defense and intelligence missions[10] - GEOST delivers compact, high-performance optical systems for small satellites, enabling real-time threat detection and monitoring[11] - Rocket Lab gains product assets, a 1,100 sq ft cleanroom, three 300 sq ft laboratories, intellectual property, and extensive product inventory[18] - The acquisition expands Rocket Lab's U S footprint to Tucson, Arizona and Northern Virginia[18] - 115 highly trained professionals will bring Rocket Lab's total headcount to over 2,600 people[18] Transaction Details - The up-front purchase price is $275 million, consisting of $125 million in cash and $150 million in privately placed shares of Rocket Lab common stock[21] - There is a potential additional cash earnout payment of up to $50 million tied to revenue targets[21] - The transaction is expected to close in the second half of 2025, subject to regulatory approval[21] - GEOST is expected to be neutral to modestly accretive to adjusted EBITDA in the second half of 2025[21]