2022-07-13 | NDAQ:RKLB | Press release
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 National Reconnaissance Office (NRO).
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National Security Mission NROL-162 lifts off for the National Reconnaissance Office on Electron from Rocket Lab Launch Complex 1. (Photo: Business Wire)
Following liftoff of NROL-162 (“Wise One Looks Ahead”) from Pad A of Rocket Lab Launch Complex 1 at 06:30 UTC on July 13, 2022, Electron successfully delivered the NRO national security payload to space In partnership with the Australian Department of Defence, NROL-162 will provide critical information to United States Government agencies and allies and national security decision makers monitoring and responding to global events and humanitarian issues.
“Wise One Looks Ahead” is the first of a pair of back-to-back reactive space missions commissioned by the NRO for a dedicated launch on Electron. NROL-199 (“Antipodean Adventure”), the follow-up mission to NROL-162 , set to launch in just nine days’ from Pad B to Rocket Lab Launch Complex 1 on July 22, 2022. With multiple launch pads, dedicated range and mission control centers, and multiple ready-to-fly Electron rockets, Rocket Lab offers a responsive space capability to the national security community.
NROL-162 and NROL-199 are the final pair of missions awarded by the NRO under the Rapid Small Rocket Acquisition (RASR) contract. Rocket Lab previously successfully delivered a pair of National Security Space Missions for the NRO on Electron in January and June 2020.
Rocket Lab Founder and CEO Peter Beck said, “The successful deployment of NROL-162 into orbit is another fantastic achievement from the Rocket Lab team, but we are not resting on our laurels. No other small launch vendor has ever prepared a dedicated launch for a small national security payload in such a short timeframe, and we aim to deliver the next NRO mission to space in record time.”
NROL-199 / “Downward Adventure” Launch Details:
- The launch window opens: July 22, UTC
- Launch vehicle: Electron
- Customer: National Recognition Office
- Launch site: Rocket Lab 1 Launch Complex, Pad B
- Type of assignments: Dedicated
- Payload: NROL-199
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+ About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We provide reliable launch services, satellite manufacturing, spacecraft components and in-orbit management solutions that make getting into space faster, easier and more affordable. Based in Long Beach, California, Rocket Lab designs and manufactures the small Electron orbital launch vehicle and Photon satellite platform and develops the 8-ton Neutron 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 each year and has delivered 148 satellites into orbit for private and public sector organizations, enabling operations in the fields of 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 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 regarding 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 could cause actual results or performance to differ materially from those expressed or implied by such statements. prospective. . Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release, including risks related to the global COVID-19 pandemic; risks relating to government restrictions and lockdowns in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our reliance on a limited number of customers; the harsh and unpredictable space environment in which our products operate, which could adversely affect our launch vehicle and spacecraft; increased congestion due to the proliferation of constellations in low Earth orbit which could significantly increase the risk of potential collision with space debris or other spacecraft and limit or impede our launch flexibility and/or access to our own orbital slots ; increased competition in our industry due in part to rapid technological development and falling costs; technological changes in our industry that we may not be able to keep up with or that could make our services uncompetitive; evolution of average selling prices; the failure of our launch vehicles, spacecraft and components to perform as intended, either due to our design error in production or through our fault; disruptions to the launch schedule; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in government regulations, including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that require us to cancel or reschedule launches, including customers’ contractual rescheduling and termination rights; the risks that acquisitions will not be completed on time or at all or that they will not achieve the expected benefits and results; and 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 future developments affecting Rocket Lab will be those anticipated by us. Except as required by law, Rocket Lab undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.