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Rocket Lab looks to cash in on rise in US military spending

Otago Daily Times Online News·Friday, 8 May 2026·28 days ago
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New Zealand-founded company Rocket Lab is well placed to benefit from the Trump administration's planned "Golden Dome" space missile shield, according to its chief executive Sir Peter Beck. It comes after it posted record revenue of US$200 million (NZ$336 million) in the first quarter, as demand for its launch vehicles surged. The company, listed on the US-based Nasdaq, said it had signed 31 new launch contracts for its Electron and HASTE launch vehicles. It said that it now had more than 70 contracted missions, with its backlog valued at US$2.2 billion (NZ$3.7 billion). While revenue was up more than 63 percent on the same period a year earlier, the company still posted a net loss of about US$45m (NZ$75.6m). During the quarter, the company said it had signed five new dedicated Neutron launch contracts with an undisclosed customer.…

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