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Rocket Lab Stocks Up on Space Force Contract Win

Guavy AI Editorial Team
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Rocket Lab's stock surged 2.3% to $82.08 on Monday following its selection by Viasat to build a satellite bus for the U.S. Space Force's Protected Tactical SATCOM-Global program.

The contract, valued as an eight-figure opportunity by Stifel analyst Erik Rasmussen, is part of Viasat's secure military satellite communications initiative.

Rocket Lab recently deployed eight satellites for MDA Space and Globalstar under a $143 million contract, marking its latest milestone in a busy stretch for the company.

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