Latest news with #HypersonicTechnologies&CapabilityDevelopmentFramework
Yahoo
17-04-2025
- Business
- Yahoo
US and UK militaries pick Rocket Lab's HASTE launcher to help test hypersonic tech
When you buy through links on our articles, Future and its syndication partners may earn a commission. Rocket Lab is becoming an even bigger player in the world of hypersonic technology. The militaries of the United States and the United Kingdom have both picked the California-based company as a potential partner for their multibillion-dollar programs dedicated to building hypersonic technology. Rocket Lab can now compete for contracts via the two programs, offering the services of its HASTE suborbital rocket as a hypersonic testbed. "The ability to contribute toward the collective security of the United States and the United Kingdom across both of these important programs is a proud moment for the HASTE team, and a demonstration of Rocket Lab's commitment to lead from the front when it comes to innovative and unique solutions for hypersonic technology development," Rocket Lab founder and CEO Peter Beck said in a statement on Monday (April 14), when the news was announced. "Keeping pace with global developments means more affordable tests at a higher rate that expands the boundaries of hypersonic technology — and that's a capability we're already providing all in one platform with HASTE, at a commercial price and cadence that serves the mission of both nations," he added. Related: Rocket Lab selected to launch more hypersonic test vehicles for US military Related stories: — Rocket Lab: Private spaceflight for small satellites — US Space Force picks Rocket Lab and Stoke Space to compete for national security launches — Rocket Lab's secretive launch last month was a hypersonic test for the US military (photos) The U.S. program is a $46 billion effort run by the Air Force called the Enterprise-Wide Agile Acquisition Contract. The U.K. Ministry of Defense project, called the Hypersonic Technologies & Capability Development Framework, has a budget of 1 billion pounds (about $1.3 billion US), according to Rocket Lab. HASTE is a modified suborbital version of Rocket Lab's workhorse Electron launcher — and the connection lies in its name, which is short for "Hypersonic Accelerator Suborbital Test Electron." HASTE has launched thrice to date, each time from the Mid-Atlantic Regional Spaceport in Virginia. More launches are on tap for the near future, some of which will help test other tech for the U.S. military.
Yahoo
15-04-2025
- Business
- Yahoo
Why Are Rocket Lab (RKLB) Shares Soaring Today
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 13.1% in the morning session after the company announced it was selected to provide hypersonic test launch capabilities through its HASTE launch vehicle, along with other related services, under two multi-billion-dollar government development programs for the United States and the United Kingdom. The first contract, with the U.S. Air Force, fell under the $46 billion Enterprise-Wide Agile Acquisition Contract (EWAAC), and was designed to bolster the Air Force's capabilities. The second contract was with the United Kingdom's Ministry of Defence (UK MOD) for its Hypersonic Technologies & Capability Development Framework (HTCDF), a roughly $1.3 billion (£1 billion) initiative to advance the UK's hypersonic capabilities. The company's inclusion in both U.S. and UK programs reflected growing demand for its launch technologies and services, and could drive long-term revenue growth while elevating its status as a trusted defense partner. Is now the time to buy Rocket Lab? Access our full analysis report here, it's free. Rocket Lab's shares are extremely volatile and have had 63 moves greater than 5% over the last year. But moves this big are rare even for Rocket Lab and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 5 months ago when the stock gained 53.4% on the news that the company reported impressive third-quarter results and provided an optimistic EBITDA forecast for the next quarter, which blew past analysts' expectations. Its revenue and EBITDA both outperformed Wall Street's estimates in the quarter. The performance was largely driven by strong demand in its space systems segment. Zooming out, we think this was a very good quarter. Rocket Lab is down 17.9% since the beginning of the year, and at $20.48 per share, it is trading 35.1% below its 52-week high of $31.57 from January 2025. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
