Rocket Lab Introduces Dedicated National Security Subsidiary

Rhea-AI Summary

Rocket Lab USA has launched a wholly owned subsidiary, Rocket Lab National Security LLC, aimed at providing reliable launch services and space systems to the U.S. government and its allies. This initiative follows multiple successful missions for national security clients, such as the National Reconnaissance Office and the U.S. Space Force. The new subsidiary will leverage Rocket Lab's expertise in space technologies and launch vehicles like the Electron and Neutron to meet the evolving needs of the defense sector.

Positive

• Launch of Rocket Lab National Security LLC enhances capability to serve national security clients.
• Established track record with successful launches for U.S. defense agencies.
• Utilization of existing technology, including Electron and Neutron launch vehicles, to meet government needs.

Negative

• None.

Rocket Lab National Security will serve the U.S. and its allies with responsive and reliable launch services, spacecraft manufacturing, and space systems capabilities

LONG BEACH, Calif.--(BUSINESS WIRE)-- Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, today announced it has created a U.S.-based wholly owned subsidiary to serve the defense and intelligence community. Rocket Lab National Security LLC (RLNS) will deliver reliable launch services and space systems capabilities to the U.S. government and its allies.

Since the Company’s first launch of the Electron rocket in 2017, Rocket Lab has conducted multiple successful launches for national security customers, including missions for the National Reconnaissance Office (NRO), U.S. Space Force, and Defense Advanced Research Projects Agency (DARPA). Rocket Lab Space Systems technology has also featured in hundreds of commercial and government satellites serving the national security market, from separation systems and flight software to space solar power and high-performance star trackers. Under the new RLNS subsidiary, Rocket Lab will build on this proven track record to deliver new and existing space capabilities for national security applications.

“Across our launch and space systems offerings, we have the privilege of working with the full spectrum of space users from primes, commercial constellation operators and small start-ups, to US and Allied government customers,” said Brian Rogers, Senior Director – Global Government Launch Services. “Through Electron, Neutron and Space Systems, we’ve got first-hand experience of each market’s unique needs. Top of the list for national security is reliability and responsiveness, something we’ve delivered on across multiple missions already. With Rocket Lab National Security we’re building on this strong heritage to deliver tailored capabilities that evolve as the nation’s needs do.”

Forward Looking Statements.

This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, contained in this release, including statements regarding our expectations of financial results for the third quarter of 2022, strategy, future operations, future financial position, projected costs, prospects, plans and objectives of management, are forward-looking statements. Words such as, but not limited to, “anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “suggest,” “strategy,” “target,” “will,” “would,” and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. These forward-looking statements involve a number of risks, uncertainties (many of which are beyond Rocket Lab’s control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this release, including risks related to the global COVID-19 pandemic; risks related to government restrictions and lock-downs in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our dependence on a limited number of customers; the harsh and unpredictable environment of space in which our products operate which could adversely affect our launch vehicle and spacecraft; increased congestion from the proliferation of low Earth orbit constellations which could materially increase the risk of potential collision with space debris or another spacecraft and limit or impair our launch flexibility and/or access to our own orbital slots; increased competition in our industry due in part to rapid technological development and decreasing costs; technological change in our industry which we may not be able to keep up with or which may render our services uncompetitive; average selling price trends; failure of our launch vehicles, spacecraft and components to operate as intended either due to our error in design in production or through no fault of our own; launch schedule disruptions; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in governmental regulations including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that force us to cancel or reschedule launches, including customer contractual rescheduling and termination rights; risks that acquisitions may not be completed on the anticipated time frame or at all or do not achieve the anticipated benefits and results; and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission (the “SEC”), including under the heading “Risk Factors” in Rocket Lab’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 24, 2022, and elsewhere (including that the impact of the COVID-19 pandemic may also exacerbate the risks discussed therein). There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise

+ 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, the Photon satellite platform 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 152 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 Photon spacecraft platform has 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 second launch site in Virginia, USA which is expected to become operational in 2022. To learn more, visit www.rocketlabusa.com.

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+ Rocket Lab Media Contact

Morgan Bailey

media@rocketlabusa.com

Source: Rocket Lab USA, Inc.

FAQ

What is Rocket Lab National Security LLC?

Rocket Lab National Security LLC is a wholly owned subsidiary of Rocket Lab USA, focused on providing launch services and space systems to the U.S. government and its allies.

What successful missions has Rocket Lab conducted for national security?

Rocket Lab has completed multiple successful missions for national security clients, including the National Reconnaissance Office and the U.S. Space Force.

What launch vehicles does Rocket Lab use?

Rocket Lab utilizes the Electron rocket and is developing the Neutron launch vehicle to deliver services.

How does Rocket Lab plan to support the defense community?

Rocket Lab aims to provide responsive and reliable launch services and space systems capabilities through its new subsidiary.

When was Rocket Lab founded?

Rocket Lab was founded in 2006 and has since established a strong presence in the space launch and systems sector.