The deal is Rocket Lab’s largest Electron
launch agreement to date and continues a long-standing partnership
with Japanese Earth observation company Synspective
Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the
Company”), a global leader in launch services and space systems,
today announced it has signed the largest Electron launch agreement
in the Company’s history; a ten-launch deal with Japanese Earth
observation company Synspective. The agreement was announced in
Tokyo at an event attended by Rocket Lab founder and CEO Sir Peter
Beck, Synspective founder and CEO Dr. Motoyuki Arai and New Zealand
Prime Minister, the Right Honorable Christopher Luxon, who is in
Japan with a business delegation to deepen ties and accelerate
growth in technology and other sectors.
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the full release here:
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Rocket Lab signs record deal for 10
Electron launches with Synspective (Photo: Business Wire)
Rocket Lab has been the sole launch provider for Synspective
since 2020, successfully launching four missions for the Japanese
Earth observation company to date.
Rocket Lab has been launching for Synspective since 2020 when
the Company deployed the first satellite in Synspective’s synthetic
aperture radar (SAR) constellation, which is designed to deliver
imagery that can detect millimetre-level changes to the Earth’s
surface from space. Since that first mission, Rocket Lab has been
the sole launch provider for Synspective’s StriX constellation to
date, successfully deploying four StriX satellites across four
dedicated Electron launches. In addition to the 10 new dedicated
launches signed today, another two launches for Synspective have
already been booked and are scheduled for launch this year from
Launch Complex 1 in New Zealand. The launches in the new deal will
take place across 2025 – 2027.
By launching as the sole payload on Electron, Synspective has
control over the launch schedule as well as the precise deployment
parameters for each satellite, enabling them to build their
constellation out on their terms and maximize the coverage they can
provide to their end customers.
“We are honored that the Synspective team has once again
entrusted Rocket Lab with the deployment of their constellation and
we’re proud to be their launch partner for another ten missions,
our largest launch agreement to date,” said Rocket Lab founder and
CEO Sir Peter Beck. “Japan’s space industry is one of the fastest
growing globally and we’re excited to be enabling this growth
through the unique collaboration of a U.S. rocket and a New Zealand
launch site, delivering an unprecedented level of tailored access
to orbit for Japanese small satellites.”
Synspective founder and CEO, Dr. Motoyuki Arai, said: “We are
pleased to have reached an agreement with Rocket Lab to launch 10
new satellites. This agreement gives us a solid foundation and
confidence, as Rocket Lab is an innovative launch provider. We look
to accelerate building our satellite constellation and expand our
services in the future. We appreciate Rocket Lab's significant role
in moving our business forward. We will continue to build an
analytics platform that enables visualization and analysis of
global environmental and economic activities, starting with
constructing a SAR satellite constellation. These efforts will help
make human activities sustainable for our generation and address
the challenges of a changing global environment and depleting
resources.”
Rt Hon Christopher Luxon, Prime Minister of New Zealand, said:
“New Zealand innovation in space technology is rapidly putting our
country on the map in this fast-growing industry. I am very pleased
to witness the signing of this significant contract during my first
visit to Japan as Prime Minister – it is a clear demonstration of
the many opportunities to grow trade and prosperity between our two
nations. Collaboration with international partners is critical to
enabling our space industry to maximise its potential on the global
stage.”
+ About Synspective’s constellation: Synspective's small
SAR satellites, StriX, are equipped with a synthetic aperture radar
(SAR) sensor, which can observe the Earth's surface in any weather
condition day or night. Not affected by clouds or rain, SAR is
suitable for persistent monitoring of disasters and detailed
changes to secure critical infrastructure and other facilities.
Example use cases include;
- detecting anomalies in road, rail, energy and other
infrastructure, resulting in lower maintenance costs and accident
risk,
- monitoring crop growth conditions and analyzing soil and
vegetation health to help reduce costs and increase efficiency for
farmers,
- detecting illegal logging and fishing in the most remote parts
of the world,
- providing rapid damage assessment after flooding, landslides
and volcanic eruptions, as well as risk assessment for land
subsidence,
- enabling the persistent monitoring of maritime traffic, border
activities and other potential security threats, and advances
maritime domain awareness,
- analyzing tree cover to calculate CO2 absorption and carbon
credits.
+ About Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with
an established track record of mission success. We deliver reliable
launch services, satellite manufacture, spacecraft components, and
on-orbit management solutions that make it faster, easier, and more
affordable to access space. Headquartered in Long Beach,
California, Rocket Lab designs and manufactures the Electron small
orbital launch vehicle, a family of flight proven spacecraft, and
the Company is developing the large Neutron launch vehicle for
constellation deployment. Since its first orbital launch in January
2018, Rocket Lab’s Electron launch vehicle has become the second
most frequently launched U.S. rocket annually and has delivered
180+ satellites to orbit for private and public sector
organizations, enabling operations in national security, scientific
research, space debris mitigation, Earth observation, climate
monitoring, and communications. Rocket Lab’s family of spacecraft
have 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 located in New Zealand and a
third launch pad in Virginia. To learn more, visit
www.rocketlabusa.com.
+ Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward looking statements contained
in Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). All statements contained in
this press release other than statements of historical fact,
including, without limitation, statements regarding our launch and
space systems operations, launch schedule and window, safe and
repeatable access to space, Neutron development, operational
expansion and business strategy are forward-looking statements. The
words “believe,” “may,” “will,” “estimate,” “potential,”
“continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,”
“could,” “would,” “project,” “plan,” “target,” and similar
expressions are intended to identify forward-looking statements,
though not all forward-looking statements use these words or
expressions. These statements are neither promises nor guarantees,
but involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including but not limited to the
factors, risks and uncertainties included in our Annual Report on
Form 10-K for the fiscal year ended December 31, 2023, as such
factors may be updated from time to time in our other filings with
the Securities and Exchange Commission (the “SEC”), accessible on
the SEC’s website at www.sec.gov and the Investor Relations section
of our website at www.rocketlabusa.com, which could cause our
actual results to differ materially from those indicated by the
forward-looking statements made in this press release. Any such
forward-looking statements represent management’s estimates as of
the date of this press release. While we may elect to update such
forward-looking statements at some point in the future, we disclaim
any obligation to do so, even if subsequent events cause our views
to change.
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version on businesswire.com: https://www.businesswire.com/news/home/20240617700318/en/
+ Rocket Lab Media Contact Morgan Connaughton
media@rocketlabusa.com
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