RKLB Shares Rise On Fresh $190M Contract For Hypersonic Flights

The company will now perform 20 hypersonic test flights with its HASTE launch vehicle over a four-year period.
In this photo illustration, the logo of Rocket Lab USA, Inc. is displayed on a smartphone screen.
In this photo illustration, the logo of Rocket Lab USA, Inc. is displayed on a smartphone screen. (Photo illustration by Cheng Xin/Getty Images)
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Anan Ashraf·Stocktwits
Published Mar 18, 2026   |   5:00 PM EDT
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Shares of Rocket Lab Corp (RKLB) edged up 3% after hours on Wednesday after the company secured a $190 million contract under which it will conduct 20 hypersonic test flights with its HASTE launch vehicle.

The contract is part of a U.S. Department of War effort executed in partnership with Naval Surface Warfare Center Crane Division to accelerate hypersonic flight tests, the company said.

The company will now perform 20 hypersonic test flights with its HASTE launch vehicle over a four-year period. The first of the missions is slated to take place within months of contract signing, it added. 

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