RKLBD.BA is trading 3.6% up at $12.84 after the company announced a key milestone in a major U.S. government defense contract.

  • Rocket Lab announced it successfully passed the System Requirements Review for the Space Development Agency's (SDA) Tracking Layer Tranche 3 missile defense constellation.
  • This milestone advances a program where Rocket Lab will deliver satellites for missile warning and tracking, with its SDA awards now totaling over $1.3 billion.
  • The news was a clear catalyst for the stock, with shares surging as much as 7% in pre-market trading.