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00:02Rocket Lab shares jumped in extended trading Tuesday after the company received a $266 million contract
00:08from the U.S. Space Force's Space Systems Command, according to Benzinga.
00:13The firm fixed-price contract covers 12 suborbital launch vehicles and includes options for six additional launches.
00:19Rocket Lab will conduct the launches from the Pacific Spaceport Complex in Alaska,
00:23with work expected to be completed by December 31, 2028.
00:28The contract was awarded through a competitive process that received three offers.
00:33The Space Force is obligating $112 million in fiscal 2025 research, development, test, and evaluation funds at the time of
00:42the award.
00:43Shares were up by 2.85% at $71.09 in Wednesday's pre-market trading, according to data from Benzinga
00:51Pro.
00:51For all things money, visit Benzinga.com.
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