Rocket Lab Successfully Launches First of Two Responsive Space Missions for the National Reconnaissance Office

Rhea-AI Summary

Rocket Lab USA, Inc. (Nasdaq: RKLB) successfully launched its first responsive space mission for the National Reconnaissance Office (NRO) on July 13, 2022. The NROL-162 mission, named "Wise One Looks Ahead," delivered a national security payload into orbit from Rocket Lab Launch Complex 1. This launch is part of a Rapid Acquisition of a Small Rocket contract with the NRO, which includes another mission, NROL-199, scheduled for July 22, 2022. Rocket Lab aims to enhance national security capabilities through rapid launch services.

Positive

• Successful launch of NROL-162 enhances Rocket Lab's reputation in national security.
• NROL-162 is part of a contract with NRO, highlighting confidence in Rocket Lab's capabilities.
• Quick turnaround for upcoming NROL-199 mission demonstrates operational efficiency.

Negative

• None.

LONG BEACH, Calif.--(BUSINESS WIRE)-- Rocket Lab USA, Inc (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, has successfully launched the first of two responsive space missions for the National Reconnaissance Office (NRO).

Lift-off of the NROL-162 national security mission for the National Reconnaissance Office on Electron from Rocket Lab Launch Complex 1. (Photo: Business Wire)

Following lift-off of NROL-162 (“Wise One Looks Ahead”) from Pad A at Rocket Lab Launch Complex 1 at 06:30 UTC, July 13, 2022, Electron successfully delivered the NRO’s national security payload to space. In partnership with the Australian Department of Defence, NROL-162 will provide critical information to the United States Government’s agencies and allies and national security decision makers monitoring and responding to world events and humanitarian issues.

“Wise One Looks Ahead” is the first of a pair of back-to-back responsive space missions commissioned by the NRO for dedicated launch on Electron. NROL-199 (“Antipodean Adventure”), the follow-up mission to NROL-162, is scheduled to launch in just nine days’ time from Pad B at Rocket Lab Launch Complex 1 on July 22, 2022. With multiple launch pads, dedicated range and mission control centres, and several Electron rockets ready to fly, Rocket Lab is delivering responsive space capability to the national security community.

NROL-162 and NROL-199 are the latest pair of missions awarded by the NRO under the Rapid Acquisition of a Small Rocket (RASR) contract. Rocket Lab previously successfully delivered a pair of national security missions to space for the NRO on Electron in January and June 2020.

Rocket Lab founder and CEO, Peter Beck, says: “The successful deployment of NROL-162 to orbit is another fantastic achievement by the Rocket Lab team, but we’re not resting on our laurels. No other small launch provider has ever before prepared a dedicated launch for a small national security payload in such a rapid turnround, and our sights are set on delivering the next NRO mission to space in record-time.”

NEXT MISSION
NROL-199 / “Antipodean Adventure” launch details:

• Launch Window Opens: July 22, UTC
• Launch vehicle: Electron
• Customer: National Reconnaissance Office
• Launch site: Rocket Lab Launch Complex 1, Pad B
• Mission type: Dedicated
• Payload: NROL-199

+ Images & Video Content
https://flic.kr/s/aHBqjzPrHL

+ 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 and the Photon satellite platform and is developing the Neutron 8-ton payload class launch vehicle. 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 148 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.

+ 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. 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 press 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220713005416/en/

Murielle Baker

media@rocketlabusa.com

Source: Rocket Lab USA, Inc

FAQ

What was the date of Rocket Lab's NROL-162 mission launch?

Rocket Lab launched the NROL-162 mission on July 13, 2022.

What is the significance of the NROL-162 mission for Rocket Lab?

The NROL-162 mission is significant as it enhances Rocket Lab's reputation in providing launch services for national security.

When is the next Rocket Lab mission after NROL-162?

The next mission, NROL-199, is scheduled to launch on July 22, 2022.

What payload did Rocket Lab deliver on the NROL-162 mission?

Rocket Lab delivered a national security payload for the National Reconnaissance Office on the NROL-162 mission.

What contract is Rocket Lab operating under for the NRO missions?

Rocket Lab is operating under the Rapid Acquisition of a Small Rocket (RASR) contract with the National Reconnaissance Office.