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Rocket Lab Corporation reports developments in launch services and space systems for civil, defense and commercial space customers. The company designs and manufactures Electron and Neutron launch vehicles, the Photon satellite platform, and spacecraft components used in missions for national security, scientific research, Earth observation, communications and other orbital applications.
Company news commonly covers launch contracts, mission awards, hypersonic test activity through HASTE, progress on Neutron, Space Systems products such as star trackers, and operating results tied to backlog, revenue and program execution. Updates also include defense partnerships, customer manifests, acquisitions that expand the space systems portfolio, and capital-structure matters.
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Rocket Lab USA announces the release date for its financial results for Q1 2023. The results will be disclosed after the U.S. markets close on May 9, 2023, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET). A live webcast and replay will be accessible on their Investor Relations website.
Founded in 2006, Rocket Lab is recognized for its reliable launch services and space systems, including the Electron rocket and Photon satellite platform. The company has successfully delivered 159 satellites to orbit and is developing the Neutron launch vehicle.
Rocket Lab USA is achieving a significant milestone by launching a pre-flown Rutherford engine on an upcoming Electron mission. This 3D-printed engine, flown previously in May 2022, has undergone extensive testing and is set for re-flight in the third quarter of this year. This step is part of Rocket Lab's reusability program, which has successfully recovered hardware from six Electron missions, enhancing launch availability and reducing costs. The company anticipates boosting the recovery rate of Electron missions from around 50% to 60-70%. Through this iterative development, Rocket Lab aims to set new standards for small launch vehicles and inform the future development of its Neutron rocket.
Rocket Lab USA has introduced a new suborbital launch vehicle named HASTE (Hypersonic Accelerator Suborbital Test Electron), leveraging technology from its Electron rocket. Scheduled for its inaugural launch in the first half of 2023, HASTE aims to enhance hypersonic system technology through reliable and frequent flight test opportunities. With a payload capacity of up to 700 kg, it features enhanced capabilities for hypersonic payload deployment.
Rocket Lab has secured contracts from the U.S. Department of Defense and Defense Innovation Unit to support hypersonic testing initiatives, marking significant expansion in its service offerings. The company is well-positioned to meet the growing demand for hypersonic testing, further establishing its footprint in the defense sector.
Rocket Lab USA (Nasdaq: RKLB) announced the launch of the ST-16HV star tracker, a new mass-producible attitude determination sensor for commercial use. This product is a derivative of the existing ST-16RT2 star tracker and aims to meet the increasing demand for affordable satellite solutions for both commercial and government projects. The ST-16HV is designed for rapid deployment, particularly in low Earth orbit satellite constellations, and is produced at Rocket Lab’s Sinclair facility, which already manufactures reaction wheels.
The introduction of the ST-16HV follows recent product launches, including the Frontier-X satellite radio and the 12Nms reaction wheel assembly. Rocket Lab maintains over 100 star trackers currently in orbit, supporting numerous space missions, including those for NASA's Artemis program.