Rocket Lab Inks New Deal to Launch HASTE Mission from Virginia
08 August 2023 - 10:15PM
Business Wire
The new contract signed just days after Rocket
Lab successfully launched the inaugural HASTE suborbital mission,
marking a new era of rapid hypersonic technology development
opportunities
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 new launch services agreement with
a confidential customer for a HASTE (Hypersonic Accelerator
Suborbital Test Electron) mission from Launch Complex 2 at
Virginia’s Mid-Atlantic Regional Spaceport within NASA’s Wallops
Flight Facility in 2024.
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the full release here:
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Rocket Lab's HASTE launch vehicle stands
tall on the pad at Launch Complex 2 at the Mid-Atlantic Regional
Spaceport within NASA's Wallops Flight Facility (Photo: Business
Wire)
The contract signing with a new customer came just days after
Rocket Lab successfully launched the first HASTE mission on 17 June
2023 for Leidos under the Multi-Service Advanced Capability
Hypersonic Test Bed (MACH-TB) program. The mission was Rocket Lab’s
third mission from Launch Complex 2 at Virginia’s Mid-Atlantic
Regional Spaceport since the Company began launches from U.S. soil
in January this year, demonstrating rapid and reliable launch
capability for government and commercial programs.
“After delivering mission success with our HASTE launch in June,
we’re delighted to be selected once again to deliver this crucial
capability, enabling our customers to accelerate hypersonic
innovation,” said Brian Rogers, Senior Director – Global Launch
Services, Rocket Lab. “We’re immensely proud to be delivering a
vital capability to the nation by increasing the cadence and
availability of hypersonic and suborbital flight testing to enable
technology maturation.”
Rocket Lab’s HASTE suborbital launch vehicle is derived from the
Company’s workhorse Electron rocket – the world’s most frequently
launched commercial small launch vehicle. Leveraging Electron’s
deep flight heritage, HASTE offers true commercial testing
capability on rapid schedules and at a fraction of the cost of
current full-scale tests. Tailored specifically for suborbital and
hypersonic test flight capability, HASTE has a modified Kick Stage,
a larger payload capacity of up to 700 kg / 1,540 lbs, and options
for tailored fairings to accommodate larger payloads.
HASTE is operated under Rocket Lab National Security (RLNS), the
Company’s wholly owned subsidiary created to serve the unique needs
of the U.S. defense and intelligence community and its allies. For
more information about HASTE, visit
rocketlabusa.com/launch/haste.
+ About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with
an established track record of mission success. We deliver reliable
launch services, satellite manufacture, spacecraft components, and
on-orbit management solutions that make it faster, easier and more
affordable to access space. Headquartered in Long Beach,
California, Rocket Lab designs and manufactures the Electron small
orbital launch vehicle, the Photon satellite platform and the
Company is developing the large Neutron launch vehicle for
constellation deployment. Since its first orbital launch in January
2018, Rocket Lab’s Electron launch vehicle has become the second
most frequently launched U.S. rocket annually and has delivered 170
satellites to orbit for private and public sector organizations,
enabling operations in national security, scientific research,
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 located in New Zealand and a third
launch pad in Virginia. 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 Exchange Act of 1934, as
amended. These forward-looking statements are based on Rocket Lab’s
current expectations and beliefs concerning 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 be materially different from those expressed or
implied by these forward-looking statements. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including risks
related to delays and disruptions in expansion efforts; our
dependence on a limited number of customers; the harsh and
unpredictable environment of space in which our products operate
which could adversely affect our launch vehicle and spacecraft;
increased congestion from the proliferation of low Earth orbit
constellations which could materially increase the risk of
potential collision with space debris or another spacecraft and
limit or impair our launch flexibility and/or access to our own
orbital slots; increased competition in our industry due in part to
rapid technological development and decreasing costs; technological
change in our industry which we may not be able to keep up with or
which may render our services uncompetitive; average selling price
trends; failure of our launch vehicles, spacecraft and components
to operate as intended either due to our error in design in
production or through no fault of our own; launch schedule
disruptions; supply chain disruptions, product delays or failures;
design and engineering flaws; launch failures; natural disasters
and epidemics or pandemics, including COVID-19; changes in
governmental regulations including with respect to trade and export
restrictions, or in the status of our regulatory approvals or
applications; or other events that force us to cancel or reschedule
launches, including customer contractual rescheduling and
termination rights; risks that acquisitions may not be completed on
the anticipated time frame or at all or do not achieve the
anticipated benefits and results; and the 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 Rocket Lab’s Annual Report on Form 10-K for the fiscal
year ended December 31, 2022, which was filed with the SEC on March
7, 2023, and elsewhere (including that the impact of the COVID-19
pandemic may also exacerbate the risks discussed therein). There
can be no assurance that the future developments affecting Rocket
Lab will be those that we have anticipated. Except as required by
law, Rocket Lab is not undertaking any obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise.
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+ Rocket Lab Media Contact Morgan Bailey
media@rocketlabusa.com
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