Rocket Lab (NASDAQ:RKLB) surged more than 4% in Tuesday's pre-market trading after it was selected to support hypersonic test programs with the U.S. Air Force and U.K. Ministry of Defence.
The company's HASTE vehicle, a suborbital variant of its Electron rocket, will be used for high-speed test missions. Rocket Lab will offer design, engineering, and launch services under both agreements, giving it the ability to bid for further contracts tied to the two governments' expanding hypersonic initiatives.
In the U.S., Rocket Lab was tapped to participate in the Enterprise-Wide Agile Acquisition Contract, a $46 billion project that runs through 2031. The program aims to accelerate adoption of advanced defense technologies across multiple domains.
In the U.K., Rocket Lab was named a supplier for the 1 billion Hypersonic Technologies & Capability Development Framework. The initiative is designed to fast-track the nation's hypersonic development pipeline.
Rocket Lab has previously completed three hypersonic missions for the U.S. Department of Defense, all launched from Virginia's Wallops Island.
This article first appeared on GuruFocus.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。