WebSlinger
7 days ago
Rocket Lab to Launch Global Wildfire Detection and Monitoring Mission for OroraTech
Rocket Lab will launch a dedicated Electron mission for first time customer OroraTech, helping to play a crucial role in protecting against wildfires globally
Long Beach, California. 22 January, 2025. – Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has signed a contract for a responsive launch on Electron with Orora Technologies (OroraTech), a German company developing a satellite constellation to monitor wildfires and alert first responders to danger.
Launching from Rocket Lab Launch Complex 1 in New Zealand, the dedicated mission on Electron will deploy eight satellites to a 550km orbit within just four months from launch contract signing, enabling OroraTech to meet the season-sensitive requirements of its wildfire detection mission. The rapid turnaround is just the latest demonstration of Rocket Lab’s responsive launch capabilities for satellite operators needing urgent access to space.
OroraTech is developing a constellation of satellites with thermal infrared cameras that can provide 24/7 monitoring of wildfires globally, supporting better and faster wildfire response to protect forests, people, and infrastructure worldwide. The mission will deploy its latest plane of satellites called OTC-P1 to their current constellation, further expanding OroraTech’s capabilities to first responders, governments, and industry partners. The company will expand their constellation with up to 100 satellites in total by 2028.
Rocket Lab founder and CEO, Sir Peter Beck, said: “This launch is a showcase of all the benefits of flying dedicated on Electron: control over schedule, agility and ability to meet tight deadlines and mission requirements, and the reliability of launching on the world’s most frequently launched small orbital rocket. Knowing that time is of the essence to get these satellites in space, we’re proud to be rising to the challenge and supporting the OroraTech mission to better monitor for and protect against these devastating natural disasters globally.”
The mission is the latest launch to be announced in a packed 2025 launch manifest for Rocket Lab that includes the continuation of multi-launch contracts with constellation operators Synspective, Kineis, and BlackSky;; a responsive space mission for the U.S. Space Force that will see Rocket Lab build a spacecraft, then launch it on Electron with 24-hours’ notice; and the debut launch of Rocket Lab’s new medium-lift reusable rocket, Neutron.
anesthesia doc
1 week ago
RKLB Rocket Lab price target raised to $35 from $22 at Citi
Citi raised the firm's price target on Rocket Lab to $35 from $22 and keeps a Buy rating on the shares as part of a Q4 earnings preview for the aerospace and defense group. The firm expects to hear positive commentary from commercial aftermarket suppliers in Q4, saying traffic looks poised to grow above trend in 2025, and from commercial original equipment exposed names as production rates head higher. Further, defense contractors will be "somewhat balanced," with positive commentary on demand from Europe, but some level of caution on the US given the Presidential transition, the analyst tells investors in a research note. Citi also expects to hear positive demand commentary from business jet and space exposed names. The defense stock selloff "looks overdone" as investors have become too cautious on the outlook for defense spending, the firm contends.
double_m
3 weeks ago
Rocket Lab Selected by NASA to Provide Neutron Launch Services Under VADR Launch Contract
January 09 2025 - 4:30PM
Business Wire
Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced a mutual agreement with NASA has been reached to include Neutron launch services to the agency through Rocket Lab’s existing VADR (Venture-Class Acquisition of Dedicated and Rideshare) contract.
Rocket Lab’s new medium-lift reusable rocket Neutron allows the opportunity for Rocket Lab to continue broadening access to space to deliver multiple missions across a range of orbits, including CubeSats, Class D missions, and other payloads. With its small orbital launch vehicle Electron already on-ramped for NASA’s VADR missions, Rocket Lab has previously demonstrated time-sensitive back-to-back launches within two weeks for the VADR PREFIRE missions and completed a similar fast turnaround of two launches in May 2023 for the VADR TROPICS missions.
https://ih.advfn.com/stock-market/NASDAQ/rocket-lab-usa-RKLB/stock-news/95224984/rocket-lab-selected-by-nasa-to-provide-neutron-lau
WebSlinger
3 weeks ago
Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are trading higher Monday following the announcement that the company will play a key role in Kratos Defense & Security Solutions (NASDAQ:KTOS) $1.45 billion MACH-TB 2.0 contract.
What To Know: Kratos, a defense technology company, on Monday secured a five-year contract for Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0, a project designed to enhance the U.S. hypersonic flight testing infrastructure.
The initiative, established under the Office of the Under Secretary of Defense for Research and Engineering’s National Hypersonic Initiative 2.0, aims to bridge the gap between ground testing and full-scale hypersonic system testing, reducing risks and accelerating development.
Kratos will lead Task Area 1 of the MACH-TB 2.0 project, focusing on systems engineering, integration and testing. Rocket Lab will provide air launch services as part of a larger team that includes Leidos, Stratolaunch and other subcontractors. This effort will support the increased frequency of hypersonic flight tests needed for national security objectives.
Kratos’ leadership emphasized the importance of the program in advancing affordable hypersonic technologies and highlighted the contract as the largest in the company’s history. The MACH-TB 2.0 program is expected to be a significant driver of future growth for Kratos, which also cited its existing hypersonic capabilities as a key factor in securing the contract.
"With the recent successes of our low-cost Erinyes Hypersonic Flyer and Zeus Solid Rocket Motors, Kratos is a leader in the testing and fielding of hypersonic systems. We are very excited to bring this unmatched expertise to the MACH-TB 2.0 program,” said Dave Carter, President of Kratos Defense and Rocket Support Services Division.
Rocket Lab shares are up nearly 200% over the past three months. The company reported better-than-expected financial results in mid-November and announced a multi-launch agreement with a confidential customer.
Rocket Lab guided for fourth-quarter revenue in the range of $125 million to $135 million. Rocket Lab is expected to report fourth-quarter earnings in February. Analysts currently expect the company to report a loss of 10 cents per share on revenue of $130.57 million, according to estimates from Benzinga Pro.