Rocket Lab Adds New Mission to 2024 Launch Manifest, Schedules Launch in Coming Days
October 16 2024 - 3:30PM
Business Wire
The introduction of this latest mission to
Electron’s 2024 launch manifest, less than two months since the
launch contract was signed, represents Rocket Lab’s fastest
contract-to-launch turnaround ever.
Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the
Company”), a global leader in launch services and space systems,
today announced it has added a last-minute Electron launch to its
launch manifest for a commercial mission that is scheduled to
launch in just three days’ time.
The mission, called ‘Changes In Latitudes, Changes In
Attitudes’, will launch to space from Rocket Lab Launch Complex 1
during a launch window that opens October 19th for a confidential
commercial customer. The expedited mission will be Rocket Lab’s
fastest turnaround to date: from signed contract to launch date in
less than two months.
Rocket Lab’s rapid call-up launch capability, its standardized
and rapid production of Electron launch vehicles that ensures a
rocket can be assigned a payload for on-demand launch within days,
responsive launch sites, and its experienced team behind the second
most frequently launched U.S. orbital rocket, are key enablers for
this mission.
The mission will be Rocket Lab’s 12th launch of 2024, increasing
the Company’s record number of Electron launches achieved annually
since orbital launch services began in 2018. Rocket Lab has
achieved a 100% increase in its Electron launch rate for the first
half of this year compared with the same time in 2023, doubling its
rocket production and launch cadence within a year. This increased
launch and production rate bolsters Electron’s significance as a
proven, sought-after capability for commercial satellite customers
globally.
Rocket Lab Founder and CEO, Sir Peter Beck says: “Electron
delivers what other rockets and rideshare programs can’t: a
dedicated and responsive launch service that is tailored to each
customer’s specific needs, allowing them to launch to precisely
where they want and when they want on incredibly short notice. This
quick turnaround from contract to launch is not only a showcase of
Electron’s capability, but also of the relentless and fast-paced
execution by the experienced team behind it that continues to
deliver trusted and reliable access to space for our
customers.”
The launch will broadcast live at
www.rocketlabusa.com/live-stream. For launch updates, follow Rocket
Lab across its social media profiles.
+ About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with
an established track record of mission success. We deliver reliable
launch services, satellite manufacture, spacecraft components, and
on-orbit management solutions that make it faster, easier, and more
affordable to access space. Headquartered in Long Beach,
California, Rocket Lab designs and manufactures the Electron small
orbital launch vehicle, a family of flight proven spacecraft, and
the Company is developing the large Neutron launch vehicle for
constellation deployment. Since its first orbital launch in January
2018, Rocket Lab’s Electron launch vehicle has become the second
most frequently launched U.S. rocket annually and has delivered
190+ satellites to orbit for private and public sector
organizations, enabling operations in national security, scientific
research, space debris mitigation, Earth observation, climate
monitoring, and communications. Rocket Lab’s family of spacecraft
have been selected to support NASA missions to the Moon and Mars,
as well as the first private commercial mission to Venus. Rocket
Lab has three launch pads at two launch sites, including two launch
pads at a private orbital launch site located in New Zealand and a
third launch pad in Virginia. To learn more, visit
www.rocketlabusa.com.
+ Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). All statements contained in
this press release other than statements of historical fact,
including, without limitation, statements regarding our launch and
space systems operations, launch schedule and window, safe and
repeatable access to space, Neutron development, operational
expansion and business strategy, are forward-looking statements.
The words “believe,” “may,” “will,” “estimate,” “potential,”
“continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,”
“could,” “would,” “project,” “plan,” “target,” and similar
expressions are intended to identify forward-looking statements,
though not all forward-looking statements use these words or
expressions. These statements are neither promises nor guarantees,
but involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including but not limited to the
factors, risks and uncertainties included in our Annual Report on
Form 10-K for the fiscal year ended December 31, 2023, as such
factors may be updated from time to time in our other filings with
the Securities and Exchange Commission (the “SEC”), accessible on
the SEC’s website at www.sec.gov and the Investor Relations section
of our website at www.rocketlabusa.com, which could cause our
actual results to differ materially from those indicated by the
forward-looking statements made in this press release. Any such
forward-looking statements represent management’s estimates as of
the date of this press release. While we may elect to update such
forward-looking statements at some point in the future, we disclaim
any obligation to do so, even if subsequent events cause our views
to change.
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+ Rocket Lab Media Contact Murielle Baker
media@rocketlabusa.com
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