Rocket Lab USA Secures $515M Contract to Manufacture 18 Space Vehicles for U.S. Government Customer
December 23, 2023
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Rocket ($NASDAQ:RKLB) Lab USA, a cutting-edge aerospace engineering and manufacturing company, has secured a $515M contract to manufacture 18 space vehicles for a U.S. Government customer. This is Rocket Lab‘s largest contract to date and a major milestone in the company’s development and growth. The company operates several launch facilities around the world including sites in the United States, Europe, Australia and New Zealand.
The contract is expected to create new job opportunities and further boost the already thriving aerospace industry in the United States. With this contract, Rocket Lab USA has firmly established itself as a major player in the global aerospace market.
Share Price
Following this announcement, ROCKET LAB USA’s stock opened at $4.5 and closed at $4.4–a 0.5% increase from the previous closing price of 4.4. The contract marks a major step forward for ROCKET LAB USA as it continues to expand its presence in the space technology market, as well as for the U.S. Government customer as it looks to meet its current and future space-based needs. With this significant investment, ROCKET LAB USA’s vision of providing affordable and accessible launch services will become a reality. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for RKLB. More…
| Total Revenues | Net Income | Net Margin |
| 236.36 | -169.28 | -71.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for RKLB. More…
| Operations | Investing | Financing |
| -75.6 | -122.38 | 5.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for RKLB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 950.49 | 364.69 | 1.21 |
Key Ratios Snapshot
Some of the financial key ratios for RKLB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -70.8% |
| FCF Margin | ROE | ROA |
| -57.1% | -17.5% | -11.0% |
Analysis
GoodWhale has analyzed the fundamentals of ROCKET LAB USA and made the following assessment. From our Star Chart, we can see that ROCKET LAB USA has a high health score of 7/10, indicating its ability to pay off debt and fund future operations. Looking at the other metrics, ROCKET LAB USA appears to be strong in asset and growth, but weak in dividend and profitability. Based on this, we have classified ROCKET LAB USA as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This makes it an attractive target for investors who are seeking higher returns but are willing to accept more risk. More…
Peers
Rocket Lab USA Inc is an American aerospace manufacturer and small satellite launch services provider founded in 2006 by Peter Beck. The company has developed the Electron rocket, a two-stage launch vehicle designed to deliver small payloads to low Earth orbit. The company has launched over 50 missions to space, including launches for the US government, commercial customers, and international partners. The company’s main competitors are Astra Space Inc, Donaldson Co Inc, and ZIM Integrated Shipping Services Ltd.
– Astra Space Inc ($NASDAQ:ASTR)
Astra Space Inc has a market cap of 148.19M as of 2022, a Return on Equity of -66.31%. The company is engaged in the development of technology for small satellites and launch vehicles.
– Donaldson Co Inc ($NYSE:DCI)
Donaldson Company, Inc. engages in the manufacture and sale of filtration systems and replacement parts. It operates through the following segments: Engine Products, Industrial Products, and Corporate. The Engine Products segment offers replacement filters and parts for off-road equipment, on-road vehicles, and industrial equipment. The Industrial Products segment comprises of replacement filters and parts for industrial equipment, including dust, fume, mist, toxic and submicron particulates, and aerosumable products. The Corporate segment includes the unallocated expenses of the company. Donaldson was founded by Frank Donaldson in 1915 and is headquartered in Bloomington, MN.
– ZIM Integrated Shipping Services Ltd ($NYSE:ZIM)
ZIM Integrated Shipping Services Ltd is a global shipping company that operates a fleet of cargo vessels. The company has a market cap of 2.92B as of 2022 and a return on equity of 105.77%. The company’s vessels transport a variety of cargo, including containers, dry bulk, and break bulk. ZIM also provides shipping and logistics services, such as container management, terminal operations, and supply chain solutions.
Summary
Rocket Lab USA has recently been awarded a $515 million contract with a U.S. government customer to manufacture 18 space vehicles. This news is likely to be seen as positive for investors in Rocket Lab USA, as it signals a significant increase in business for the company. The contract is likely to lead to a significant boost in revenue and profits, while providing the company with additional visibility and opportunities for future business.
In addition, the contract will also help Rocket Lab USA to continue developing its technology and gain more commercial success in the space industry. All in all, this contract is likely to be seen as a positive development for investors looking to invest in Rocket Lab USA.
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