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Thursday, December 21, 2023 7:37:03 PM
Rocket Lab wins $515M contract with U.S. Govt customer to manufacture 18 space vehicles
Rocket Lab (NASDAQ:RKLB) Thursday said that the company, via its unit, entered into a deal with a U.S. government customer to design, manufacture, deliver, and operate 18 space vehicles.
The contract has a total value of $515M, which includes a base amount of $489M and incentives and options totaling $26M.
Work under the agreement will begin immediately with the delivery of the space vehicles to the Customer for launch slated for 2027, operation of the satellites through 2030, and an option to operate the satellites through 2033.
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