Latest news with #BradClevenger
Scoop
01-07-2025
- Business
- Scoop
Rocket Lab Successfully Completes Critical Design Review For Space Development Agency's T2TL-Beta Constellation
As a prime contractor, Rocket Lab will deliver a constellation of 18 spacecraft for the Space Development Agency's Tranche 2 Transport Layer-Beta program, a foundational component of the Proliferated Warfighter Space Architecture. Long Beach, Calif. July 1, 2025 – Rocket Lab National Security LLC, a wholly-owned subsidiary of Rocket Lab USA (Nasdaq: RKLB) ('Rocket Lab' or 'the Company'), a global leader in launch services and space systems, today announced the successful completion of its Critical Design Review (CDR) for the Space Development Agency's (SDA) Tranche 2 Transport Layer-Beta (T2TL-Beta) program. The milestone follows Rocket Lab's successful Preliminary Design Review in late 2024, confirms that spacecraft design, manufacturing approach, and systems architecture meet all mission requirements and enables the program to move into full-scale production. As a prime contractor, Rocket Lab will deliver a constellation of 18 spacecraft for the T2TL-Beta program, part of the Proliferated Warfighter Space Architecture, a resilient, low-latency communications network in low Earth orbit (LEO) that support real-time connectivity for U.S. and allied forces worldwide. 'The Proliferated Warfighter Space Architecture is reshaping how the U.S. secures space for the joint force, and Rocket Lab is proud to be a contributor,' said Brad Clevenger, President of Rocket Lab National Security. 'With proven platforms and in-house production across key systems, we're building the backbone of resilient on-orbit capability for the warfighter. Our successful completion of CDR further demonstrates our ability to deliver trusted technology at the speed and scale needed to support national security space.' Rocket Lab's spacecraft for the T2TL-Beta program is based on its high-performance Lightning platform, tailored for the power and data-handling demands of national security LEO constellations. As a vertically integrated provider, Rocket Lab designs and manufactures its spacecraft buses and key subsystems in-house, including solar panels, composite structures, star trackers, reaction wheels, radios, avionics, flight and ground software, launch dispensers, and more allowing the Company to maintain tight control over quality, cost, and schedule.
Yahoo
24-04-2025
- Business
- Yahoo
Rocket Lab introduces line of customizable solar arrays for satellites
When you buy through links on our articles, Future and its syndication partners may earn a commission. Rocket Lab is showing that's about more than just rockets. The California-based company has introduced a family of customizable solar arrays, designed to fit the changing needs of customer satellites. Rocket Lab is offering the new Standardized Array, or STARRAY, line as an alternative to save first- or one-time satellite manufacturers the time of designing and testing their own solar arrays from ground, up. The line was introduced earlier this month, at the 40th Space Symposium in Colorado Springs, Colorado. 'Customers can choose from a range of pre-engineered solar array configurations to meet the needs of their application while leveraging the flight-proven reliability, performance and speed of Rocket Lab's vertically integrated manufacturing," Rocket Lab's Vice President of Space Systems Brad Clevenger said in a statement. The STARRAY line offers seven variable solar array sizes, ranging in power output from 100 watts to over 2,000 watts. 'Our objective is to offer the industry mission-specific customization with short lead times and lower costs,' Clevenger said in the statement. In 2022, Rocket Lab acquired space solar power technologies company SolAero, to expand its space systems capabilities. The deal added solar cells to Rocket Lab's in-house processes. Now, the company boasts a vertically integrated solar array manufacturing system, allowing it to streamline production of solar cells and assemblies and solar panel subsystems to fully realized solar arrays. Related Stories: — Rocket Lab launches new NASA solar sail tech to orbit (video, photos) — Rocket Lab launches private Earth-observing radar satellite to orbit (video, photos) — Rocket Lab unveils plan to land Neutron rockets at sea, 1st launch in 2025 Expanding their space industry expertise further, Rocket Lab was also recently chosen as a potential partner for the military's multibillion-dollar programs dedicated to building hypersonic technology. And the company's HASTE (Hypersonic Accelerator Suborbital Test Electron) rocket is scheduled to launch the DART AE mission for the U.S. Defense Innovation Unit's Hypersonic and High-Cadence Airborne Testing program.
Yahoo
13-04-2025
- Business
- Yahoo
Why Rocket Lab Stock Is Skyrocketing This Week
Shares of Rocket Lab (NASDAQ: RKLB) are trading higher this week. The company's stock had gained 17.3% as of 11:20 p.m. ET on Friday and was up as much as 21.4% earlier in the week. The rise comes as the S&P 500 and the Nasdaq Composite had one of the most volatile weeks in market history. The launch service provider announced a new family of customizable satellite solar arrays at a major industry conference this week, boosting investor optimism. Rocket Lab announced its new Standardized Array (STARRAY) product line at the 40th Space Symposium in Colorado Springs. The company described STARRAY as a family of customizable, next-generation solar arrays designed to meet the power needs of satellites of all types. STARRAY solar arrays can be customized to fit each system, capable of providing a satellite with 100 watts of power to more than 2,000 watts. Brad Clevenger, vice president of space systems at Rocket Lab, spoke to the importance of this customization and emphasized Rocket Lab's efficiency, saying, "Our objective is to offer the industry mission-specific customization with short lead times and lower costs." The STARRAY line is another step in Rocket Lab's push to diversify its product offerings beyond its core launch capabilities, which tend to be much more expensive and offer tighter margins. Rocket Lab was recently awarded a contract as part of the National Security Space Launch (NSSL) program, with a ceiling of $5.6 billion. This could prove to be a key development for Rocket Lab, positioning it as a potential leader in national security missions. Still, Rocket Lab has a long way to go. The NSSL contract is contingent on Rocket Lab building a larger launch system -- its current one, though highly successful, is too small to compete for contracts like those from the NSSL program. The company is currently operating at a loss, though this isn't unusual for a company developing advanced technologies -- at least for a time. If it can successfully build the larger launch system, it can compete with the likes of SpaceX, winning contracts that would see its top line increase substantially and move closer to positive earnings. The company plans to have a system capable of this by 2026, but these timelines are certainly never guaranteed. Given the uncertainty involved, Rocket Lab is for investors with a particularly high risk tolerance and a well diversified portfolio. Before you buy stock in Rocket Lab USA, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rocket Lab USA wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $496,779!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $659,306!* Now, it's worth noting Stock Advisor's total average return is 787% — a market-crushing outperformance compared to 152% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool recommends Rocket Lab USA. The Motley Fool has a disclosure policy. Why Rocket Lab Stock Is Skyrocketing This Week was originally published by The Motley Fool
Yahoo
12-03-2025
- Business
- Yahoo
Airbus Awards Rocket Lab Contract to Power Next-Gen OneWeb Constellation for Eutelsat
LONG BEACH, Calif., March 12, 2025--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) ("Rocket Lab" or "the Company"), a global leader in launch services and space systems, today announced its selection by Airbus Constellation Satellites to provide high efficiency, space grade solar panels for 100 OneWeb Low Earth Orbit (LEO) satellites for Eutelsat Group. OneWeb satellites are designed to provide high-speed, low-latency global internet access to remote and underserved areas. Rocket Lab will provide 200 solar panels, inclusive of carbon composite panel substrates, solar cells, and photovoltaic assemblies. These panels will be manufactured at Rocket Lab's 150,000 square-foot space solar production facility in Albuquerque, New Mexico. Rocket Lab's panels will provide the large LEO constellation with approximately 80 kW of power, enough to power 16 Hubble-sized space telescopes. Brad Clevenger, Vice President of Space Systems at Rocket Lab, stated, "We're thrilled to extend our partnership with Airbus by providing our world-leading space solar panels to power Eutelsat's next-gen OneWeb constellation. This collaboration will see 100 more satellites equipped with Rocket Lab technology, ensuring dependable, cutting-edge solutions that advance global connectivity." In 2021, Rocket Lab provided more than 450 shipsets of solar array panels to Airbus for their first fleet of OneWeb satellites. Airbus is set to build the first batch of their next-gen 100 satellites with delivery targeted for 2026. Learn more about Rocket Lab's Space Solar Solutions: Solar Solutions | Rocket Lab + 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 spacecraft platforms, 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 over 200 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 spacecraft platforms 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 + 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 and the Investor Relations section of our website at 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. View source version on Contacts + Rocket Lab Media Contact Lindsay McLaurinmedia@ Sign in to access your portfolio
