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Rocket Lab secures $190M hypersonic launch deal, boosting backlog above $2B and shares rise amid market gains.

Technical Signals
23 Mar 2026
Lekha Gupta
View Source
Bullish
pluang ai news

Rocket Lab recently won a $190 million contract for 20 hypersonic HASTE launches under the MACH-TB 2.0 program, led by Kratos Defense & Security Solutions. This deal raises Rocket Lab's backlog to over $2 billion and highlights its expanding role in national security missions. The company also successfully completed its 84th Electron mission, maintaining a 100% success rate for Synspective satellites. Shares rose alongside broader market gains, with analysts maintaining a Buy rating and an average price target around $68. Rocket Lab is set to report earnings on May 7, 2026, with expectations of improved revenue and reduced losses.

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