Rocket Lab Provides First Half 2021 Financial Results

Electron launches with OHB satellite. (Credit: Rocket Lab webcast)
  • Revenue of $29.5M, representing 237% Year-on-Year revenue growth, accompanied by an expansion in gross margins from negative 67% to a positive 13%.
  • Increasing diversity in revenue, with Space Systems contributing 18% of total revenue in the period, compared to 3% in the prior year, accompanied with gross margins of 65%.
  • Backlog grew 136% Year-on-Year to $141.4 million as of June 30, 2021 as compared to backlog of $59.9 million as of June 30, 2020.

LONG BEACH, Calif., September 08, 2021 (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today reviewed financial results for the six months ended June 30, 2021, which were previously released in its 8-K filed with the U.S. Securities and Exchange Commission on August 31, 2021.

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Deep Space Atomic Clock Moves Toward Increased Spacecraft Autonomy

NASA’s Deep Space Atomic Clock has been operating aboard the General Atomics Orbital Test Bed satellite since June 2019. This illustration shows the spacecraft in Earth orbit. (Credits: General Atomics Electromagnetic Systems)

Designed to improve navigation for robotic explorers and the operation of GPS satellites, the technology demonstration reports a significant milestone.

PASADENA, Calif. (NASA PR) — Spacecraft that venture beyond our Moon rely on communication with ground stations on Earth to figure out where they are and where they’re going. NASA’s Deep Space Atomic Clock is working toward giving those far-flung explorers more autonomy when navigating. In a new paper published today in the journal Nature, the mission reports progress in their work to improve the ability of space-based atomic clocks to measure time consistently over long periods.

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NASA Announces Nuclear Thermal Propulsion Reactor Concept Awards

Illustration of a conceptual spacecraft enabled by nuclear thermal propulsion. (Credits: NASA)

WASHINGTON (NASA PR) — NASA is leading an effort, working with the Department of Energy (DOE), to advance space nuclear technologies. The government team has selected three reactor design concept proposals for a nuclear thermal propulsion system. The reactor is a critical component of a nuclear thermal engine, which would utilize high-assay low-enriched uranium fuel.

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Sierra Space Provides Integration Services for New Nuclear Propulsion System as Part of DARPA’s DRACO Program

DRACO in orbit (Credit: Sierra Space)

LOUISVILLE, Colo., June 24, 2021 (Sierra Space PR) – Sierra Space, the new commercial space subsidiary of global aerospace and national security leader Sierra Nevada Corporation (SNC), will supply the propulsion components and integration services for a Nuclear Thermal Propulsion (NTP) system under a recent contract with General Atomics Electromagnetic Systems (GA-EMS). GA-EMS and Sierra Space will develop and demonstrate an on-orbit NTP system for a Defense Advanced Research Projects Agency (DARPA) program called Demonstration Rocket for Agile Cislunar Operations (DRACO).

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General Atomics Partners with Space Development Agency to Conduct Space-to-Air Optical Communication Experiment

Laser Interconnect and Networking Communication System (LINCS) CubeSats. (Credit: General Atomics Electromagnetic Systems)

SAN DIEGO, 02 JUNE 2021 (GA-EMS PR) – General Atomics Electromagnetic Systems (GA-EMS) announced today that it was awarded a contract by the Space Development Agency to demonstrate space-to-air optical communication using GA-EMS’ Laser Interconnect and Networking Communication System (LINCS) and a General Atomics Aeronautical Systems, Inc. (GA-ASI) MQ-9 Reaper®. This contract is in conjunction with an upcoming experiment where GA-EMS and SDA are partnering to launch the LINCS system and conduct a series of experiments demonstrating space-based optical communication starting later this summer.

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General Atomics Awards Contract to Firefly Aerospace to Launch NASA’s Multi-Angle Imager for Aerosols Mission

Orbital Test Bed (OTB) satellite carrying NASA’s Multi-Angle Imager for Aerosols (MAIA) instrument. (Credit: General Atomics)

SAN DIEGO, February 18, 2021 (GA-EMS PR) — General Atomics Electromagnetic Systems (GA-EMS) announced today that it has awarded a contract to Firefly Aerospace Inc. to launch a GA-EMS developed Orbital Test Bed (OTB) satellite carrying NASA’s Multi-Angle Imager for Aerosols (MAIA) instrument. The launch vehicle delivering the satellite to space will be Firefly’s Alpha rocket and is scheduled to launch from Vandenberg Air Force Base in 2022.

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General Atomics to Build Electro-Optical Infrared Weather System Prototype for U.S. Space Force

SAN DIEGO, Calif., 04 August 2020 (General Atomics PR) — General Atomics Electromagnetic Systems (GA-EMS) announced today that it has been selected for the United States Space Force Electro-Optical Infrared (EO/IR) Weather System (EWS) satellite program under the Space Enterprise Consortium (SpEC). GA-EMS will design and manufacture a prototype spacecraft, integrate the EWS payload and provide on-orbit mission control services to support the collection of theater weather imagery and cloud characterization data for worldwide military operational use.

“In addition to our ongoing Orbital Test Bed programs like the Multi-Angle Imager for Aerosols (MAIA) for NASA and Argos 4 for the United States Air Force, GA-EMS is pleased to support critical space missions,” stated Scott Forney, president of GA-EMS. “With EWS we will continue to leverage our expertise in developing scalable architectures and volume-efficient packaging, as well as our expanding satellite manufacturing capabilities to rapidly design and deliver an EO/IR satellite solution to meet the proposed EWS launch date in 2022.”

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NASA Awards Total and Spectral Solar Irradiance Sensor-2 Spacecraft Contract

WASHINGTON (NASA PR) — NASA has awarded the Total and Spectral Solar Irradiance Sensor-2 (TSIS-2) Spacecraft contract to General Atomics Electromagnetic Systems Group of San Diego, California.

This is a hybrid firm-fixed price, time and materials contract in the amount of approximately $32.9 million. The base contract is for spacecraft development in the amount of about $29.2 million The contract also contains Options 1 through 9 for launch delays and mission operations in the amount of approximately $2 million. The time and materials portion of the contract is for a not to exceed amount of $1.6 million.

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NASA Extends Deep Space Atomic Clock Mission

A technology demonstration called the Deep Space Atomic Clock could enable far-flung probes to get around using a navigation system similar to the GPS-based system we use on Earth. (Credits: NASA/JPL-Caltech)

PASADENA, Calif. (NASA PR) — As the time when NASA will begin sending humans back to the Moon draws closer, crewed trips to Mars are an enticing next step. But future space explorers will need new tools when traveling to such distant destinations. The Deep Space Atomic Clock mission is testing a new navigation technology that could be used by both human and robotic explorers making their way around the Red Planet and other deep space destinations.

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General Atomics Partners with Space Development Agency to Demonstrate Optical Intersatellite Link

SAN DIEGO, CA, June 5, 2020 (General Atomics PR) — General Atomics Electromagnetic Systems (GA-EMS) announced today that it has partnered with the U.S. Space Development Agency (SDA) to demonstrate and conduct a series of experiments for an Optical Intersatellite Link (OISL) utilizing GA-EMS’s internally developed 1550nm (nanometer) wavelength laser communication terminals (LCTs).

This will be one of the first Department of Defense contracted efforts to develop and deploy a state-of-the-art 1550nm LCT to test capabilities to increase the speed, distance, and variability of communications in space.

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Five Things to Know About NASA’s Deep Space Atomic Clock

PASADENA, Calif. (NASA/JPL-Caltech PR) — NASA is sending a new technology to space in late June that will change the way we navigate our spacecraft — even how we send astronauts to Mars and beyond. Built by NASA’s Jet Propulsion Laboratory in Pasadena, California, the Deep Space Atomic Clock is a technology demonstration that will help spacecraft navigate autonomously through deep space. No larger than a toaster oven, the instrument will be tested in Earth orbit for one year, with the goal of being ready for future missions to other worlds.

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