Rocket Lab Selected to Provide Venture-Class Launch Services to NASA | Your money


LONG BEACH, Calif.–(BUSINESS WIRE)–January 27, 2022–

Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”) (Nasdaq: RKLB), a leading launch provider and space systems company, today announced that it has been selected by the NASA as one of twelve companies to provide launch services. services for the agency’s Venture-Class Acquisition of Dedicated and Rideshare (VADR) missions, providing new opportunities for science and technology payloads and fostering a growing U.S. commercial launch market. VADR is a five-year program with a maximum total budget of $300 million in seed contracts.

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NASA Meatball Rocket Lab Electron Launcher (Photo: Business Wire)

Rocket Lab Founder and CEO Peter Beck said the Rocket Lab team is proud to once again be selected by NASA to provide launch services for the nation’s science and technology payloads. “We are absolutely delighted to have been selected by NASA to support VADR missions, continuing our legacy of providing a reliable path to space for the agency’s small satellites, both on dedicated missions and in carpooling. NASA’s Launch Services program plays a critical role in growing the U.S. launch industry by ensuring resilient access to space and we couldn’t be prouder to play a part in this,” said Mr Beck.

The VADR contracts will provide NASA with a wide range of Federal Aviation Administration-licensed commercial launch services capable of delivering payloads ranging from CubeSats to Class D missions to a variety of orbits, contributing to scientific research and to NASA’s technological development.

Managed by NASA’s Launch Services Program, the VADR acquisition builds on NASA’s previous procurement efforts, including Venture Class Launch Services (VCLS) contracts, which support the development of new small launchers for NASA payloads. Rocket Lab launched the first VCLS mission in December 2018, successfully deploying 13 educational satellites into orbit from the Electron launch vehicle. The VADR contract joins a growing list of upcoming Rocket Lab missions for NASA:

  • CAPSTONE – Mission to the Moon: In February 2020, NASA selected Rocket Lab to provide launch services and a Photon spacecraft bus for CAPSTONE (the Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment), a satellite created by Advanced Space that will serve as the first spacecraft to test a unique, elliptical lunar orbit as a precursor to Gateway and other Artemis elements.
  • GETAWAY – Mission to Mars: In June 2021, Rocket Lab was awarded a subcontract from the University of California, Berkeley Space Science Laboratory (UCBSSL) to design two Photon spacecraft for a science mission to Mars. GETAWAY is developed as part of NASA’s Small Innovative Missions for Planetary Exploration (SIMPLEX) program within the Science Mission Directorate (SMD). The mission will see two Photon spacecraft orbiting Mars, supporting UCBSSL’s mission to understand the structure, composition, variability and dynamics of Mars’ unique hybrid magnetosphere.
  • ACS3 – Solar Sail: In October 2021, Rocket Lab was selected to launch NASA’s Advanced Composite Solar Sail System (ACS3) on the Electron Launch Vehicle. NASA’s ACS3 technology demonstration uses the composite in its new lightweight booms that deploy from a CubeSat to support a solar sail. Data obtained from the ACS3 demonstration will guide the design of future larger-scale composite solar sail systems that could be used for space weather early warning satellites, near-Earth asteroid reconnaissance missions or communication relays for crewed exploration missions.

About Rocket Lab

Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We provide reliable launch services, spacecraft components, satellites and other spacecraft and in-orbit management solutions that make getting to space faster, easier and more affordable. Based in Long Beach, California, Rocket Lab designs and manufactures the small Electron orbital launch vehicle and Photon satellite platform and develops the 8-ton Neutron payload-class launch vehicle. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket each year and has delivered 109 satellites into orbit for private and public sector organizations, enabling national security, scientific research and space debris mitigation. , Earth observation, climate monitoring and communications. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site in New Zealand, one of which is currently operational, and a second launch site in Virginia, USA. United States, which is expected to become operational in 2022. To learn more, visit www.rocketlabusa.com.

Forward-looking statements

This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act. of 1934, as amended. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs regarding future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to differ materially from those expressed or implied by such statements. prospective. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including risks related to the global COVID-19 pandemic; risks relating to government restrictions and lockdowns in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our reliance on a limited number of customers; the harsh and unpredictable space environment in which our products operate, which could adversely affect our launch vehicle and spacecraft; increased congestion due to the proliferation of constellations in low Earth orbit which could significantly increase the risk of potential collision with space debris or other spacecraft and limit or impede our launch flexibility and/or access to our own orbital slots ; increased competition in our industry due in part to rapid technological development and falling costs; technological changes in our industry that we may not be able to keep up with or that could make our services uncompetitive; evolution of average selling prices; the failure of our launch vehicles, satellites and components to perform as intended, either due to our design error in production or through no fault of ours; disruptions to the launch schedule; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in government regulations, including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that require us to cancel or reschedule launches, including customers’ contractual rescheduling and termination rights; the risks that acquisitions will not be completed on time or at all or that they will not achieve the expected benefits and results; and other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission (the “SEC”), including under the heading “Risk Factors” in the prospectus dated October 7, 2021 relating to our registration statement on Form S-1 (File No. 333-259757), which was filed with the Securities and Exchange Commission pursuant to Rule 424(b) on October 7, 2021 and elsewhere (including that impact of the COVID-19 pandemic may also exacerbate the risks are discussed there). There can be no assurance that future developments affecting Rocket Lab will be those anticipated by us. Except as required by law, Rocket Lab undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220127005965/en/

CONTACT: + Rocket Lab Media Contact

Morgan Bailey

[email protected]

+64 27 538 9039

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: AEROSPACE MANUFACTURING OTHER MANUFACTURING OTHER TECHNOLOGIES TECHNOLOGIES

SOURCE: Rocket Lab USA, Inc.

Copyright BusinessWire 2022.

PUBLISHED: 01/27/2022 2:23 PM / DISK: 01/27/2022 2:23 PM

http://www.businesswire.com/news/home/20220127005965/en

Copyright BusinessWire 2022.

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