BUSINESS: Rocket Lab Announces Neutron Development Update To Be Provided On December 2, 2021

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by Daniel Webster, dWeb.News Publisher

LONG BEACH, Calif.–(BUSINESS WIRE)–Rocket Lab USA, Inc. (Nasdaq: RKLB), a leading launch and space systems company, today announced that it will provide the first major update on the development of the Neutron launch vehicle on December 2, 2021 at 8: 00 am EST. The virtual event will be streamed live via Rocket Lab’s YouTube channel, which can be accessed at that time at https://youtu.be/A0thW57QeDM. Join Rocket Lab CEO Peter Beck, as he shares new details about Neutron’s unique design, materials and propulsion.

Building on Rocket Lab’s proven experience developing the Electron launch vehicle, the second most frequently launched U.S. rocket annually since 2019, the advanced Neutron launch vehicle is designed to transform space access by delivering reliable and cost-effective launch services for satellite mega-constellations, deep space missions and human spaceflight. Where Electron provides dedicated access to orbit for small satellites of up to 300 kg (660 lb), Rocket Lab expects Neutron will further expand space access for satellite constellations and provide a dependable, high-flight-rate dedicated launch solution for larger commercial and government payloads, and that Neutron will incorporate the best innovation of the past to deliver a rocket for the future.

+ About Rocket Lab

Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. Rocket Lab provides reliable launch services, spacecraft parts, and spacecraft management solutions. This makes it easier, cheaper, and faster to reach space. Rocket Lab is based in Long Beach, California. It designs and manufactures both the Electron small orbital rocket vehicle and the Photon satellite platform. The company also develops the Neutron 8-ton payload-class launch vehicle. 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 107 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 Photon spacecraft platform was selected by NASA to support missions to Mars and the Moon, as well as the first commercial private 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, one of which is currently operational, and a second launch site in Virginia, USA which is expected to become operational by the end of 2021. To learn more, visit www.rocketlabusa.com.

Forward-Looking Statements

This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These forward-looking statements include, without limitation, expectations about the development of its Neutron rocket launch vehicle and their potential consequences. Forward-looking statements are subject to a variety of uncertainties, many of which are out of Rocket Lab’s control, or assumptions that could cause actual results and performance to differ materially from the statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including risks related to the global COVID-19 pandemic, including risks related to government restrictions and lock-downs in New Zealand and other countries in which we operate that could delay or suspend our operations; delays and disruptions in expansion efforts; our dependence on a limited number of customers; the harsh and unpredictable environment of space in which our products operate which could adversely affect our launch vehicle and spacecraft; increased congestion from the proliferation of low Earth orbit constellations which could materially increase the risk of potential collision with space debris or another spacecraft and limit or impair our launch flexibility and/or access to our own orbital slots; increased competition in our industry due in part to rapid technological development and decreasing costs; technological change in our industry which we may not be able to keep up with or which may render our services uncompetitive; average selling price trends; failure of our satellites to operate as intended either due to our error in design in production or through no fault of our own; launch schedule disruptions; supply chain disruptions, product delays or failures; design and engineering flaws; launch failures; natural disasters and epidemics or pandemics; changes in governmental regulations including with respect to trade and export restrictions, or in the status of our regulatory approvals or applications; or other events that force us to cancel or reschedule launches, including customer contractual rescheduling and termination rights; risks that acquisitions may not be completed on the anticipated timeframe or at all or do not achieve the anticipated benefits and results; and the other risks detailed from time to time in Rocket Lab’s filings with the Securities and Exchange Commission under the heading “Risk Factors” and elsewhere (including that the impact of the COVID-19 pandemic may also exacerbate the risks discussed therein). Rocket Lab cannot guarantee that future developments will be as anticipated. Rocket Lab does not have any obligation to revise or update forward-looking statements, except as required by law.

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