Rocket Lab Wins Record $190M Hypersonic Contract, Backlog Tops $2 Billion

Rocket Lab signed a $190 million contract for its largest-ever single launch agreement. The deal covers 20 hypersonic test flights using the company's HASTE launch vehicle. These missions support the U.S. Department of War’s Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0 program.

The agreement expands the company’s total launch manifest to more than 70 missions. Total backlog across all divisions now exceeds $2 billion.

Rocket Lab shares rose 2% in after-hours trading following the announcement. Clear Street initiated coverage on the stock with a Buy rating and an $88 price target.