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Rocket Lab Wins Its Biggest-Ever Launch Contract

TheMotleyFool

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Rocket Lab Wins Its Biggest-Ever Launch Contract: https://g.foolcdn.com/editorial/images/781218/4-rockets-going-up.jpg

Rocket Lab (NASDAQ: RKLB) just can't stop winning -- big space contracts, that is.

Earlier this week we discussed Rocket Lab's winning its largest-ever contract to put a satellite constellation in orbit, 25 satellites carried aboard five Electron rockets, to help France's Kineis set up an Internet of Things satellite constellation around the globe. At an estimated price of $7.5 million per launch (Rocket Lab didn't disclose the actual price), the Kineis award should add about $37.5 million to Rocket Lab's near-term revenues.

And now Rocket Lab has won a contract twice as large.

Source Fool.com

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