Rocket Lab Corp 8-K

What Happened

• Rocket Lab Corporation (through Rocket Lab USA, Inc.) entered into an agreement with the U.S. Space Development Agency (SDA) on December 17, 2025 to design, manufacture, operate and sustain 18 satellites for the Tracking Layer Tranche 3 under the Proliferated Warfighter Space Architecture.
• The contract has a total value of $816 million (a $806 million base amount plus $10 million in options). Work begins immediately and final delivery of the satellites for launch is expected in 2029. The company furnished a related press release on December 19, 2025 (Exhibit 99.1) in its Form 8‑K filing.

Key Details

• Contract date: December 17, 2025; press release filed December 19, 2025.
• Total contract value: $816 million (base $806M + $10M options).
• Scope: design, manufacture, operations and sustainment for 18 Tracking Layer Tranche 3 satellites.
• Timeline & terms: work starts immediately; final satellite deliveries expected in 2029; agreement allows either party to terminate for convenience subject to contract terms.

Why It Matters

• This award represents a multi‑year government contract that establishes a defined scope of work and potential future revenue and operations through satellite delivery and sustainment.
• The $816M value is a concrete program award that may affect Rocket Lab’s future backlog and contract activity; however, recognition of revenue will depend on contract performance, delivery milestones and other accounting rules.
• The contract includes termination-for-convenience rights and contains forward‑looking statements; timelines and benefits are subject to change and additional risks detailed in the company’s SEC filings.