RKLB is trading 4% up at $148.99 following progress on a major defense contract and growing optimism regarding its space systems backlog.
- The company successfully cleared the System Requirements Review for an $816M missile defense project, bringing the total program value to $1.3B.
- The stock continues to see strong support from Rocket Lab's expanding role in the defense sector and a robust backlog, with the current move appearing largely company-specific.