From Nasdaq: 2025-04-17 10:18:00

Rocket Lab USA (NASDAQ: RKLB), a key player in the aerospace and defense sector, has been selected for two major defense programs worth billions. This includes the U.S. Air Force’s $46 billion EWAAC contract and the U.K.’s $1.3 billion HTCDF initiative. Rocket Lab’s technical strength and HASTE vehicle are central to these programs, positioning the company for significant growth opportunities.

Following the defense-related announcement, RKLB shares surged nearly 10% in after-hours trading and continued to rise. Despite being down from its 52-week high, RKLB’s consolidation above the 200-day SMA suggests a potential bottom is forming. With upcoming earnings and progress on the Neutron rocket in focus, RKLB’s resilience could lead to further outperformance.

Investors are eagerly awaiting Rocket Lab’s upcoming earnings report on May 8 for updates on defense projects and the Neutron rocket. Neutron is crucial for competing with SpaceX in the satellite launch market. Despite mixed sentiment and increased short interest, Wall Street analysts remain confident in RKLB, with a consensus price target of $22.72, signaling potential upside. Keep an eye on Rocket Lab for upcoming developments and catalysts.



Read more at Nasdaq:: Rocket Lab’s Growth Potential Gains Altitude on Defense News