Rocket Lab (RKLB, Financial) and Stoke Space Technologies have been awarded a significant contract from the U.S. Air Force, with a potential value of up to $5.6 billion. The contract pertains to delivering National Security Space payloads as part of a program extending to June 2029, with an optional five-year extension.
The award, originating from a competitive process, involves Space Systems Command from Los Angeles Air Force Base. The announcement led to a 2.55% increase in Rocket Lab's shares in after-hours trading.
